JMMB Group and partner Liberty Latin America have launched a fintech service called MYNE Lend that will rely on data mined from Flow Jamaica customers to facilitate microloans of up to $150,000.
Group Strategy Officer Claudine Tracey said it is to be operated by Myne Lend Jamaica Limited, a joint venture in which JMMB is said to hold 50.5 per cent interest, while Liberty Latin America and subsidiaries hold the other 49.5 per cent.
Telecommunications provider Liberty Latin America is the ultimate parent company for Flow operations in Jamaica and around the Caribbean.
Myne Lend Jamaica is based at JMMB Group's main complex in New Kingston.
The technological underpinnings of the new platform are supported by Flow Jamaica, in partnership with Visa and Evertec.
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