WorldRemit and JMMB Money Transfer launch online transfers to Jamaica
15/5/2017 | 2 minute read
Digital remittance service now available to nearly 1 million Jamaicans living in the US, Canada and the United Kingdom
London & Kingston, 15 May 2017: Leading digital money transfer service WorldRemit and JMMB Money Transfer have partnered to offer bank transfers (deposits) to Jamaica.
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 1 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, comments: “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.”
For more information on how to send money to Jamaica, click here.
About WorldRemit
We are a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global remittance brands.
We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower cost. We currently operate in more than 5,000 money transfer corridors worldwide and as part of Zepz, are part of a 1,400 person global workforce.
Sending money with WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, we offer a wide range of options, including bank transfer, cash pickup, airtime top up and mobile money.
Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom, with regional offices in the United States, Poland, Canada, Australia, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.
About Zepz
Zepz Group is the group powering leading global remittance brands: WorldRemit and Sendwave. Since 2021, Zepz Group has been disrupting an industry previously dominated by offline legacy players by reducing the barriers to finance and increasing safety and convenience for users. Every day, Zepz Group and its brands work towards unlocking the prosperity of cross-border communities through finance and technology - driven by the vision of a world that celebrates migrants’ impact on prosperity, at home and abroad.
Zepz Group brands have helped cross-border communities send over $15bn from 50 countries, to recipients in 130 countries in 2022, and operate over 5,000 money transfer corridors worldwide. Zepz Group employs over 1,400 people globally as a remote-first employer, with team members located across six continents.