Credit Union League enters remittance market

The Jamaica Cooperative Credit Union League, through its subsidiary, Centralised Strategic Services, will be going after the remittance market with its mobile payment solution, CONEC, which has signed an agreement with MoneyGram to provide remittance services.

Heston Hutton, Managing Director of Centralised Strategic Services, announcement on Wednesday that, with the company having received a remittance licence, it will be "going for remittance... aggressively."

Explaining the advantage to customers of using the new electronic service, he said, "instead of them having to jump on a bus, to drive to the town to go sign up or receive remittance, they can pick it up from their phone in their backyard."

 

The aim, Mr Hutton said, was to have consumers receive remittances via its CONEC mobile payment solution by the end of March next year.

He was speaking at a ceremony at which it was announced that Paymaster will be a point of  sales agent for CONEC.