WorldRemit has partnered with JMMB Money Transfer to offer bank transfers to Jamaica, enabling a digital remittance service for Jamaicans living in the US, Canada and the UK.
WorldRemit customers can now send money quickly and conveniently to all bank accounts in Jamaica via JMMB Money Transfer, using the WorldRemit app or website. Funds can be accessed on the same day for transactions completed by 3pm and within 24 hours for all other transactions.
Nearly one million Jamaicans currently live abroad – with over 700,000 in the United States and 130,000 in Canada. As a result, remittances play a vital role in the Caribbean nation’s economy – the country received almost $2.4 billion in remittances in 2015, according to the World Bank.
Ismail Ahmed, founder and CEO at WorldRemit, commented: “The importance of remittances to Jamaican residents has risen consistently for over 30 years. Our partnership with JMMB Money Transfer, a trusted and valued partner in the region, will enable us to offer WorldRemit customers more choice, while supporting the transition from offline remittances to safer, faster and lower cost online money transfer options.”
Sharon Gibson, CEO at JMMB Money Transfer, added: “This partnership signals another step by us to become synonymous with convenience and excellent client experience. We continue to use opportunities like this to utilise innovative technology, so that our clients can continue to benefit from faster and safe delivery of money.”
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