JN Money Services Limited (JNMS), which operates the JN Money brand, has introduced a 50% discount on remittance fees when using JN Money to send money to Jamaica.
The exemption was launched on the eve of July 2, when Hurricane Beryl approached, and has been extended until July 6 to assist Jamaicans living overseas who wish to assist in the recovery of relatives and friends affected by Hurricane Beryl. The exemption applies to funds transferred from any JN Money branch or via JN Money Online.
JN Money general manager Horace Hines said the exemption demonstrated the company’s commitment to working with expatriates and supporting their efforts to rebuild and develop the country.
Although Hurricane Beryl, a Category 4 storm, did not make landfall in Jamaica, its scrub damaged and even destroyed homes, buildings, road infrastructure and power lines, particularly in the southern communities of St. Elizabeth, Clarendon and Manchester, and also affected many livelihoods, especially farmers.
Hines said JN Money is committed to playing its role in helping Jamaica and Jamaicans recover from the devastating damage.
“We don’t have all the data at the moment, but we know that there are many Jamaicans who rely on remittances, so it was important to us to facilitate any efforts to ease the burden and help them recover,” he explained.
He said JN Money’s response was partly driven by the influx of inquiries from members living overseas, as the company was involved in recovery efforts after Hurricanes Ivan, Dean and Sandy in 2004, 2007 and 2012, as well as Tropical Storm Gustav in 2008.
“Our role in supporting Jamaicans overseas during the rebuilding phase is well known and we are committed to maintaining that partnership to enable Jamaicans overseas to contribute to the recovery and development of the country,” Hinds said.
JN Money operates through a strong and vast network of approximately 8,000 branches and agents across the United States, Canada, the United Kingdom, the Cayman Islands and the Philippines. It also has agents in Guyana, Turks and Caicos Islands and Antigua.
Hines said the waiver is part of JN Group’s broader hurricane recovery program, which aims to identify the immediate needs of members, customers and communities following Hurricane Beryl and help build capacity to respond to future events.
