JN Money Transfer Donates Funds to Assist with Philippine Hayan Recovery
As part of its continued effort to assist with the Philippines’ recovery from Typhoon Hayan, JN Money Transfer, the remittance brand of JN Money Services Limited (JNMS), a Jamaica National Building Society (JNBS) subsidiary, has donated funds to the Philippine non-governmental organisation, the GMA Kapuso Foundation (GMAKF), one of the agencies which has been at the forefront of the recovery response in the South Pacific nation.
Leesa Kow, General Manager, JNMS, said GMAKF was chosen to receive the donation by the Organisation of United Filipinos in the Cayman Islands, which will present the funds to GMAKF on behalf of the remittance company.
“The donation follows a series of initiatives implemented by JN Money Transfer after the November 8 typhoon which killed thousands of people,” Miss Kow said.
“We waived the fees applied to money transfers to the Philippines by 50% for one week from November 13-20 to aid Filipino expatriates remitting emergency funds to friends and relatives in their homeland, and donated 50 percent of fees collected from November 21- 30 to charities assisting in the recovery efforts,” Leesa Kow, General Manager of JNMS declared.
Miss Kow said that the current disaster follows directly on the heels of October’s deadly earthquake, which killed 183 people.
Typhoon Hayan struck the central Philippines on November 8, killing nearly 5,600 people. The country estimates that it may have to spend as much as US$5.8 billion to rehabilitate and rebuild typhoon-ravaged communities.
JNMS has been operating in the Philippines money transfer market since early this year, after forging a partnership agreement with GCASH owners, G-xchange Inc. (GXI). The Philippines has a population of about 98 million people.
Miss Kow said Filipinos are the second largest group of migrants in the Cayman Islands; and JNMS quickly saw the importance of facilitating their needs during this crisis.
“The partnership with GXI allows JNMS to provide access to affordable remittance services that allow Filipinos to send funds for instant cash pick-up from 8,000 payment outlets and 13,000 ATMs across the Philippines,” Miss Kow says.
She stated that the move was similar to their efforts in October last year, which facilitated the movement of funds for recovery from Hurricane Sandy in Jamaica. “We know that members of the Diaspora, whether Filipino or Jamaican, are willing to play a role in responding to the recovery process after a catastrophe; and we want to facilitate that.”
JN Money Services Limited, based in Kingston, Jamaica, markets its services under the JN Money Transfer brand, and has growing operations in the UK, USA, Canada, Ghana and the Philippines. The company also has a strong presence in several Caribbean countries, including Dominica, Guyana, The Cayman Islands, Trinidad and Tobago, Barbados and Antigua and Barbuda and St. Vincent and the Grenadines.