Paysend and JMMB Money Transfer partner to make payments to Jamaica

By Edlyn Cardoza

Paysend, the UK-based FinTech company with over 8 million customers, announces a technology collaboration with JMMB Money Transfer, a subsidiary of the JMMB Group, to provide secure and affordable deposit-to-account transfers to family and friends in Jamaica. Jamaicans can now receive money transfers from loved ones in the UK, US and Canada via the Paysend app.

“This partnership between JMMB Money Transfer and Paysend will encourage users worldwide, namely the UK, US and Canada, to connect across borders and send money to support their loved ones in Jamaica,” said Alex Bessonov, CEO of network development and strategic partnerships in Paysend. “They will experience lower prices and faster processing speeds when sending money transfers. Through Paysend’s easy-to-use app, automated phone number and text ID verification, users can benefit from a quick and easy onboarding process, allowing them to make transfers through the Paysend platform immediately .”

In Jamaica, family and friends can easily and securely access the funds sent via bank transfer on the same day. In addition, this payment method gives Jamaicans who receive funds from Paysend the added convenience of using an ATM anytime to access their funds, or they can choose to make purchases or payments online. Senders will benefit from low fixed fees, advance exchange rates, fast transfer speeds and the ability to make instant, digital end-to-end international payments.

Sharon Gibson, CEO of JMMB Money Transfer, said, “We are delighted to enter into this partnership with Paysend, as it provides Jamaicans in the diaspora with more seamless and secure options to send money to family and other loved ones. This move is synonymous with JMMB’s promise to deliver value-added services that enhance customers’ experience. The Paysend partnership embraces innovative technology to deliver convenient and affordable services to our customers.”

“This partnership is in line with our strategic focus on further deepening our market share through our international partners in major source markets to meet the growing demand for our services worldwide,” Gibson continued.