Tweet
Digicel Group Acquires Paymaster
Published:Saturday | December 12, 2015 | 12:00 AM Neville Graham
Digicel Group has acquired a majority interest in bill payment and remittance company Paymaster for an undisclosed sum. Equally, there was no indication of how large a stake it is.
Established in Jamaica in 1997 by Audrey Marks, the former Jamaican ambassador to the United States (US), Paymaster developed and launched a proprietary Bill Payment Information System. The company reportedly has more than 170 locations in Jamaica and agent relationships with over 40,000 locations in the US and Canada where bill payment collections are received on behalf of over 120 client companies in Jamaica and the US.
Digicel Group CEO Colm Delves said the move was an opportunity for expansion and convergence.
"Paymaster is a great brand and a great product, and we are delighted to welcome it to the Digicel family as we expand our range of products and services consistent with the convergence of communications, e-commerce, and financial services," Delves said.
Published:Saturday | December 12, 2015 | 12:00 AM Neville Graham
Digicel Group has acquired a majority interest in bill payment and remittance company Paymaster for an undisclosed sum. Equally, there was no indication of how large a stake it is.
Established in Jamaica in 1997 by Audrey Marks, the former Jamaican ambassador to the United States (US), Paymaster developed and launched a proprietary Bill Payment Information System. The company reportedly has more than 170 locations in Jamaica and agent relationships with over 40,000 locations in the US and Canada where bill payment collections are received on behalf of over 120 client companies in Jamaica and the US.
Digicel Group CEO Colm Delves said the move was an opportunity for expansion and convergence.
"Paymaster is a great brand and a great product, and we are delighted to welcome it to the Digicel family as we expand our range of products and services consistent with the convergence of communications, e-commerce, and financial services," Delves said.
