JCCUL's e-Payment service still in limbo
The Jamaica Co-operative Credit Union League (JCCUL) is still to get approval from the Central Bank for the planned introduction of an e-payment system for mobile top-ups and bill payments.
Sunday Gleaner sources say the parties remain in discussions after the Bank of Jamaica forced the JCCUL to abort its planned March role out of the Jamaica Credit Union e-Payment Services (JCUES).
According to the sources, a decision should be made within days,
The JCCUL, has touted its e-payment service which it says was developed based on research which indicated the need from the more than 40-member credit unions and their members for more innovative and technologically-driven products and services.
According to general manager of the JCCUL, Glenworth Francis, the JCUES will be the first service of its kind to be introduced in the Caribbean region.
He has boasted that JCUES will, in very short order, allow credit union members to access money-transfer services.
The JCCUL is rolling out the new service in partnership with Mozido, a United States-based global technology provider of a low-cost, multi-channel financial services platform for mobile-network operators, financial institutions and retailers.
"We are honoured to be a part of this unique and revolutionary initiative and will be continuously enhancing JCUES with new product offerings," said Kavin Hewitt, chief executive officer of Mozido Jamaica.
"We will be working with the JCCUL to forge lasting relationships with various corporations that are contributing to the lives of Jamaicans by leveraging our robust and secure financial services ecosystem. To serve the people of Jamaica, we have already established an office in Kingston with a dedicated team," added Hewitt.
In the meantime, Jamaica's two mobile network operators - Digicel and LIME - are also partnering with the JCCUL to offer credit union members the ability to top up their mobile-phone credit via the service.
"This latest innovation allows us to expand our already expansive retail footprint and give our customers even greater access to fast and convenient electronic top up. As a brand that believes in always delivering best service and best innovation to our customers, we are delighted to be partnering with the JCUES to offer this value-added tool in the palm of their hand," said Jason Corrigan, commercial director at Digicel.
"LIME leads the way in providing superior service for our customers and we are pleased to be at the forefront of this groundbreaking initiative ... and LIME is thrilled that our customers will be among the first to benefit from this innovation," declared LIME Jamaica's Managing Director Garry Sinclair.