Remittance licences suspended for Paymaster until further notice

Popular company Paymaster (Jamaica) Limited has temporarily lost its licences to operate its remittance business.

The Bank of Jamaica (BOJ) today told Jamaicans that it has suspended Paymaster’s licences as a Remittance Primary Agent until further advised, effective Friday, July 5.

The BOJ did not say the reason for the suspension.

However, it indicated that the move means that Paymaster is no longer authorised to offer remittance services as a Primary Agent and therefore no remittance services will be offered at its 19 locations.

The affected locations are:

* 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

* Lucyn's Laundry Lounge, Shop #5, Boundbrook Plaza, 135 Boundbrook, Port Antonio, Portland

* MK Samms Limited, Shop #14 Uptown Mall, 68 Barnett Street, Montego Bay, St James

* Quicklee Shipping Limited, 60 Main Street, St Ann's Bay, St Ann

* Vin's Pharmacy, 31 Burke Road, Spanish Town, St Catherine

* DG Tech Solutions Limited, Shop #5, 29 Spanish Town Road, Kingston 11, St Andrew

* Howie Express Cellphone Repairs, Shop #20, Little Premier Plaza, Constant Spring, St Andrew

* N.E.T.s Elite Limited, Shop #9, H176 Justice Plaza, 176 Brunswick Avenue, Spanish Town, St Catherine

* 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, St Andrew

* Paymaster (Jamaica Limited), 9 Molynes Road, St Andrew

* Paymaster (Jamaica Limited), 1 Blake Street, Port Antonio, Portland

* Paymaster (Jamaica Limited), 59 Main Street, Mandeville, Manchester

While Paymaster has lost its Primary Agent licences, the company continues to hold its sub-agent permits.

The BOJ says 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 across the country.

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