TerraPay and VM Money Transfer Services (VMTS) have partnered to offer services in Jamaica.
According to a company release, the two firms will enable transfers for individuals looking to move money between Jamaica and much of the rest of the world.
This new agreement means that VMTS will gain access to TerraPay’s network, enabling cross-border transfers for customers sending and receiving money in around 31 markets globally.
The agreement was signed last month, and Juan Luis Hernandez, TerraPay’s Senior Regional Manager for Latin America and the Caribbean, reportedly visited Jamaica for the occasion.
VMTS customers will continue to benefit from having their funds deposited directly to their Jamaican bank account through VMTS’ Direct to Bank Service.
Clients can also collect their remittances in Jamaica from VM Money Transfer’s over 70 sub-agents, 8 VM Money Express locations and 16 VM Building Society branches Islandwide.
