Monday, 21 December 2009

JAMAICA: Capital and Credit, Xoom in money-transfer alliance

Capital and Credit's remittance operation Reggae Money Express has formed an alliance with Xoom Corporation, an Internet-based global money transfer company operating from the United States.

The Reggae Money partnership will allow customers to send money from a credit card
or chequing account to Jamaica from any Internet-enabled computer, the Jamaican company said Wednesday.

The details of the deal were not disclosed.

services offered

Reggae Money Express offers cash pick-up at some 70 sub-agents in the island, deposits to accounts held at any financial institution, bill payments
, as well as mortgage and other loan payments.

Under the new Xoom facility, when paying from a chequing account, the cost to transfer money to Jamaica, in amounts up to US$2,999, will be US$7.99. Read more

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