AUSTIN, Texas--(BUSINESS WIRE)--Mozido, a global leader in mobile financial services, in partnership with the Jamaica Co-operative Credit Union League (JCCUL) and bill payment service provider, Paymaster, announced the rebrand of Jamaican mobile wallet JCUES, now CONEC Mobile Wallet, during a hosted press release in Kingston, Jamaica on Wednesday, September 24. The mobile wallet initiative was rebranded in an effort to open up the financial service to more of the Jamaican market in the unbanked and under-banked populace, a demographic that has previously had extremely limited options for traditional financial services.
CONEC Mobile Wallet has already received praise for features including its design simplicity, ease of use and relevance to the entire Jamaican community. The CONEC Mobile Wallet, powered by Mozido, enables both banked and unbanked consumers to pay for goods and services and complete bill and loan payments, remittances, deposits and withdrawals all from the convenience of their mobile phone - anytime and anywhere. The strong technology behind the application, including consumer and customer service interfaces, and stringent security, provides the subscriber with a full mobile wallet experience, and builds out a strong ecosystem unparalleled to none. The new and robust mobile solution is fully regulated by the Bank of Jamaica (BOJ). The platform on which the system was built abides by international PCI DSS standards and is PCI DSS-certified.
"I'm extremely proud of what JCCUL, Heston Hutton, Managing Director of Centralised Strategic Services (CSS), and Kavin Hewitt, CEO of Mozido Jamaica, have created in a total mobile payment and commerce ecosystem,” said Michael Liberty, founder of Mozido. “We've spent years working closely together to develop the perfect expression of a Mozido mobile payments and commerce ecosystem, which has now been achieved. We will continue to fully support all initiatives in Jamaica, one hundred percent.”
Enabling CONEC Mobile Wallet is not only a first for a Jamaica; it’s a first for the Caribbean as a whole. This mobile wallet initiative delivers banking options to Jamaica’s estimated two million underbanked citizens, also bringing mobile payments and loyalty to thousands of merchants. With CONEC Mobile Wallet, now over hundreds of locations across Jamaica offer registration, cash in, and cash out services. This rebrand furthers Mozido’s commitment to bringing as many individuals as possible from all over the globe into the economic mainstream by offering convenient and relevant mobile payments solutions to each unique region.
Mozido’s mobile payments platform includes mobile financial services, loyalty programs, and mobile offers for business and retail. Through its white-label, cloud-based platform MoTEAF, Mozido serves people around the world who choose to manage their money using their mobile phone rather than relying on traditional financial institutions. Mozido’s MoTEAF platform is highly interoperable, works with virtually any wireless carrier or mobile device, and integrates easily with products from other vendors. For more information, visit us at www.mozido.com. Follow us on Twitter: @Mozido