JN Money Services Limited (JNMS), the remittance and bill payment services arm of the Jamaica National Building Society, recently entered into an exclusive agent relationship with the Bahamasowned Bramer Money Transfers (BMT), which trades as Cash N’ Go.

The deal represents JNMS’ drive to further strengthen its position in the Caribbean remittance market. BMT is the remittance and bill payment service arm of the BAF Global Group Limited.

“The alliance, which came into effect on November 21, will provide JN Money Transfer’s full services throughout Cash N’ Go money stores in the Bahamas,” Leesa Kow, general manager of JNMS, said. “This is a testament to our commitment to eliminate the financial connectivity gaps between citizens in Caribbean countries.”

Pointing to the on-going Caricom drive for regional integration, Kow declared, “The Caribbean is our home, and if we are serious about regional integration then we must provide the services, which are Caribbean-owned and operated to facilitate the intraregional trade and investment being driven by Caricom”.

Kow maintained that there is a growing number of Jamaicans residing in The Bahamas, as well as local entrepreneurs who do business in Jamaica, and across the Caribbean, who are demanding “real time money transmission services. “Therefore, we were encouraged to offer our fullservices in the Bahamas,” she said.

The partnership will allow Cash N’ Go customers in The Bahamas, with business or family connections in Jamaica, to access JN Money Transfer services in The Bahamas’ major commercial zones to send and receive money; make bill payments and transfer funds to accounts held in financial institutions in Jamaica; as well access mobile phone top-up services.

Cash N’ Go is available in three locations in Nassau at Bay Street, Rosetta Street and Carmichael Road; as well as in Freeport, on Queen’s Highway; and Georgetown in Exuma and a new location will be opened in Marsh Harbour, Abaco.

In addition to remittances, Cash N’ Go accommodates airline ticket purchases; school fee advance and offers BAF and Bramer Insurance Premuims, BTC Mobile Pins, Eztop up among other financial products and services.

“Our partnership with one of Bahamas’ oldest and most respected insurance and financial services provider is an excellent example of how Caribbean companies can develop synergies to deliver robust financial services, which meet the growing sophisticated needs of our people,” Kow said.

Wentworth Musgrove, general manager Cash N Go, concurred that “the partnership created valuable opportunities for both companies to explore and develop products to meet the evolving needs of Caribbean peoples”.

“Our customers, particularly those with connections to Jamaica, will be pleased that they now have access to a money services brand which they know to be reliable and convenient,” Musgrove said. “Therefore, we welcome this arrangement with JN Money Transfer which sets the pace for the development of other tangible benefits that will enhance our financial services.”

Kow also acknowledged that the agreement with BAF Global Group was an excellent partnership, which will add to JN Money Transfer’s commitment to quality customer service and thrust to develop sustainable linkages between Caricom nations.

JN Money Services Limited based in Kingston, Jamaica, markets its services under the JN Money Transfer brand, in several other Caribbean countries, including The Cayman Islands, St Vincent and the Grenadines, and Dominica. The company also has an expansive and growing operation in the United Kingdom, the United States of America, Canada, and recently rebanded its agency operation in Accra, Ghana.