Bill service company makes Bahamas agreement
As part of its development drive to further strengthen its position in the Caribbean remittance market, JN Money Services Limited (JNMS), the remittance and bill payment services arm of the Jamaica National Building Society, recently entered into an exclusive agent relationship with Bahamas-owned Bramer Money Transfers (BMT), which trades as Cash N’ Go.
BMT is the remittance and bill payment service arm of BAF Global Group Limited.
“The alliance, which came into effect on November 21, will provide JN Money Transfer’s full services throughout Cash N’ Go money stores in The Bahamas,” Leesa Kow, general manager of JNMS, said in a release.
Pointing to the on-going CARICOM drive for regional integration, Kow declared: “The Caribbean is our home, and if we are serious about regional integration then we must provide the services which are Caribbean-owned and operated to facilitate the intra-regional trade and investment being driven by CARICOM.”
The JN Money Services general manager maintained that there is a growing number of Jamaicans residing in The Bahamas, as well as local entrepreneurs who do business in Jamaica and across the Caribbean, who are demanding real-time money transmission services.
“Therefore, we were encouraged to offer our full-services in The Bahamas,” Kow said.
The partnership will allow Cash N’ Go customers in The Bahamas, with business or family connections in Jamaica, to access JNMS services in The Bahamas’ major commercial zones to send and receive money; make bill payments, and transfer funds to accounts held in financial institutions in Jamaica, as well as to access mobile phone top-up services.
Cash N’ Go is available in three locations in New Providence – Bay Street, Rosetta Street and Carmichael Road. In Freeport it is available on the Queen’s Highway. In, Exuma, it is available in Georgetown. A new Cash N’ Go location will open soon in Marsh Harbour, Abaco.
In addition to remittances, Cash N’ Go accommodates airline ticket purchases, school fee advances, and BAF and Bramer Insurance premiums.