Forges new partnership with Remitbee 

Durrant Pate/ Contributor

Jamaicans living in Canada now have an extra outlet to send remittances to the island, as VM Group ups the ante on its remittance services.

Courtesy of a new agreement between VM Money Transfer Services Limited (VMTS) and Remitbee Online Money Transfer and Foreign Exchange Services, Jamaicans can now send remittances to their homeland through Remitbee, which offers online remittance services for individuals and businesses in Canada wishing to send money to other parts of the world. This is done with quick transfers, competitive rates, and select discounts. 

Customers may also send top-ups to international mobile numbers and convert foreign currency through the agency’s app or web platform.  This agreement represents the fourth partnership for VMTS in the North American country. 

Expanding VM’s remittance reach

In endorsing the partnership, VMTS Chief Executive Officer Michael Howard emphasised the importance of remittances to Jamaica and to the individuals who depend on these services for personal and business pursuits.

“The statistics show that Canada remains one of the top three countries for remittance inflows to Jamaica, so this partnership will allow us to provide not just an added outlet to expand our reach, but also increase convenience for our clients, which is a welcomed opportunity,” he explained.

The VMTS CEO said the agency is committed to continuously exploring lucrative partnerships that transform the money transfer experience for their clients. 

The Remitbee team, whose Chief Executive Officer and co-founder Yogi Yoganathan visited Jamaica to formally sign the agreement on January 12, maintained that the partnership is a worthwhile venture. 

Remitbee Chief Operating Officer Manos Yoganathan remarked: “We’re thrilled to partner with VM Money Transfer Services to empower the Jamaican community in Canada with fast, affordable, and secure money transfer solutions. This collaboration reinforces our commitment to our customers and their families, making it easier than ever to send support back home.”

Through its network, VMTS facilitates money transfer services globally to customers sending money to Jamaica from Europe, the UK, United States, Canada, the Cayman Islands and Turks and Caicos.   Customers can enjoy the flexibility and convenience of collecting their remittances in Jamaica from VM Money Transfer’s over 70 sub-agents, eight VM Money Express locations and 16 VM Building Society branches islandwide.

Receivers can also opt to have their funds deposited directly to their Jamaican bank account through VMTS’ Direct to Bank Service.