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November 19, 2011
Star News


JN Money Transfer expands in New York

Contributed - Leesa Kow

JN Money Services Limited (JNMS), a subsidiary of Jamaica National Building Society, has opened a second branch under its international trading brand, JN Money Transfer, in Queens, New York in the United States of America (USA). The opening forms part of the company's drive to increase services to the expanding community of Jamaicans in the US Diaspora, and other Caribbean residents in the Big Apple.

The new branch, which will be located in the Courts USA furniture and appliance store in Queens, near the Jamaica Coliseum Mall, commenced operations on November 11. It is the second full-service JN Money Transfer facility to be opened in a Courts location in New York, following the launch of its Courts, Brooklyn, location as a full-service facility in August earlier this year.

"We are pursuing our expansion drive by consolidating our presence in areas where we are already rooted," said Leesa Kow, general manager of JNMS. She stated that this expansion initiative is part of a wider global growth programme in which JNMS plans to "increase its services in all markets where the company operates".

Kow added that the expansion also solidifies its partnership with Courts, with which it entered into a JN Money Transfer Agent relationship in 2010, tapping into Courts' network of branches in Jamaica.

Harry Bhoorasingh, regional manager, Jamaica National Overseas (USA) in New York, who spoke at the opening of the new Courts, Queens' branch on November 10, explained that customers could send and receive remittances, in addition to making bill payments; access mobile phone top-up services, as well as transfer funds to accounts held with financial institutions in Jamaica at both the Queens location at 89-56 165th Street, and in Brooklyn at 2822 Church Avenue. Business hours at the branches are Mondays to Fridays from 10 a.m.- 6 p.m.

full services

He said that, "the Courts facilities are in addition to three JN overseas offices in New York, which offer JN Money Transfer's full services in Queens, at 233-16 Merrick Boulevard; in Brooklyn, at 690 Utica Avenue; and in the Bronx, at 4264 White Plains Road." JN Money Transfer also has a network of offices and agents in Florida, Connecticut, New Jersey, Washington, DC, Georgia, and Maryland in the USA.

Kow noted that the additional branches in Queens and Brooklyn would strengthen the JN Money Transfer network to improve services to the more than one million Jamaican resident in the USA, with approximately 60 per cent residing in the state of New York.

"The growth figures that we have recorded over the past financial year encouraged us to add these new facilities," Kow said. "In addition, transactions in the US market grew significantly, and we want to capitalise on that growing demand and become the first choice for persons sending money to Jamaica, or anywhere in the Caribbean."

The general manager noted that there was a growing need for services within the Jamaican Diaspora community, particularly among those Jamaicans who do business with organisations in Jamaica.

JN Money Transfer maintains a solid network of branches and agents in several countries. In addition to Jamaica, these branches and agents are located in the United Kingdom, the USA, Canada, the Cayman Islands, Dominica, St Vincent and the Grenadines, and Ghana.

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