The Bank of Jamaica (BOJ) says it has suspended the remittance operating licences issued to Paymaster (Jamaica) as a remittance primary agent.
The Central Bank advised that suspension, which took effect last Friday (July 5), will remain in place until further advised. Consequent to the suspension, Paymaster is no longer authorised to offer remittance services as a primary agent, and therefore, no remittance services will be offered at 19 locations until further advised.
Listed locations include:
Location
AC Roberts Service Station, Nain, St. Elizabeth
Appleby Consultants Limited, 54 Duke Street, Kingston
L McKenzie Auto Supplies and Car Sale Company Limited, 1 McKenzie Drive, Flankers District, Flankers, St. James
SHAMC Fine Choice Supermarket, Charles Town, Retreat, St. Mary
Smithville Farmstore & Hardware Store Limited, Smithville District, Clarendon
Tafar-I Phones & Accessories Limited, 8 Miles, Bull Bay, St. Thomas
Tinling Supermarket, Unit 4, 55A Charlton Avenue, Ewarton, St. Catherine
Sagicor Life Jamaica Limited, 17 East Harbour Circle, Montego Bay, St. James
Sagicor Life Jamaica Limited, 28-48 Barbados Avenue, Kingston 5, St. Andrew
Paymaster (Jamaica Limited), 9 Molynes Road, Kingston 10, St. Andrew
Paymaster (Jamaica Limited), 1 Blake Street, Port Antonio, Portland
Paymaster (Jamaica Limited), 59 Main Street, Mandeville, Manchester
Logo of Paymaster Jamaica. (Photo: Facebook @PaymasterJaLtd)
Meanwhile, the BOJ indicated that Paymaster continues to operate as a sub-agent of six remittance primary agents, and therefore will offer remittance services through these sub-agent arrangements at 47 locations listed below:
Jevon Clive Samuels T/A Jevon’s Enterprise, Little London Square, Little London, Westmoreland
MAMA D.E.R. Company Limited, Shop #3, 115 Main Street, Santa Cruz, St. Elizabeth
Meg-P Limited, Shop N Save Supermarket, Shop 18 St. Jago Shopping Centre, Burke Road, Spanish Town, St. Catherine
Meridian Finance & Corporate Services Limited, 14 Dominica Drive, Kingston 5, St. Andrew
Meridian Finance & Corporate Services Limited, Shop 20-21 Ocean Village Shopping Centre, Ocho Rios, St. Ann
Miami Vice H.Q., 3 Dreamland Drive, Old Braeton, Greater Portmore, St. Catherine
PAYCS Trading Company Limited, Shop 6 Sunset Plaza, Mount Salem Main Road, Montego Bay, St. James
Progressive Directions & Services, Main Street, Annotto Bay, St. Mary
SIM Suitables Limited, Shop #5, South Street, Old Harbour, St. Catherine
Tomijam Company Limited, 42A King Street, Linstead, St. Catherine
Tomijam Company Limited, 45 Main Street, Ewarton, St. Catherine
Unique Car Care, Sports Bar & Grill Limited, Main Street, Orange Bay, Santoy, Hanover
Young’s Limited, Young’s Pharmacy, 29 Main Street, May Pen, Clarendon
The public is also being advised that Paymaster’s authorisation to test its MyCash mobile wallet in the BOJ’s Fintech Regulatory Sandbox remains in effect.
Customers of Paymaster’s MyCash product may continue to utilise the payment service except for the disbursement of inbound remittance to wallet feature.
We use cookies on our website to provide the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Comments