Alliance Financial network to expand by almost 50% after Unicomer Jamaica partnership

August 09, 2022

Alliance Financial network to expand by almost 50% after Unicomer Jamaica partnership

Kingston, Jamaica: Alliance Financial Services Limited (AFSL) has entered into an agreement with Unicomer Jamaica that will see its agent network expanded by almost fifty per cent. The partnership now allows MoneyGram customers to pick up their money transfers at Courts stores island wide.

“We are excited about this new development because it means our clients can conveniently collect their money at additional locations,” said Omar Brown, CEO, Alliance Financial Services.

“Partnering with Unicomer means that in addition to our over fifty-two sub agents and five Alliance offices, these twenty-eight Courts stores island wide will greatly expand our network,” he continued.

In February 2022, Sagicor Group entered an agreement to purchase Alliance Financial Services –a primary agent of MoneyGram and in May 2022, Unicomer was approved as a sub-agent for Alliance.

“Unicomer is a trusted company and being aligned with them is great move. Remittance is a huge industry in Jamaica and so providing more, safe options for our clients is always top of mind, partnering with Unicomer was a no brainer,” shared Brown.

MoneyGram International, Inc. is a global leader in the evolution of digital peer to peer (P2P) payments and has served over 150 million people worldwide in the last five years. With over 200 locations in Jamaica, it is one of the country’s leading remittance services providers.

Kimberley Naar, Director of Sales – Unicomer Jamaica Limited, highlighted that the partnership was mutually beneficial. “With remittance inflows to Jamaica in 2021 hitting a high of US$3.3 billion we are happy to be facilitating this flow to our customers in a safe, convenient and efficient way. We view this partnership as mutually beneficial as we improve the convenience and efficiency of remittance services to our customers while at the same time expanding MoneyGram’s footprint island wide through our network of twenty-eight Courts locations.”

Brown also shared that more is in store for Alliance Financial Services as the company continue to strengthen and improve its services island wide.

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About Sagicor Group Jamaica
Sagicor Group Jamaica is a financial services conglomerate.  The company commenced  operations in  1970 as  Life  of  Jamaica  (LOJ) Limited,  the  first locally owned  life  insurance  company  and  the  first  life  insurance  company  to  be  listed  on  the  Jamaica Stock Exchange (JSE).  The Group offers products and services in the areas of Banking, Insurance, Investments, Real Estate, Asset Management and Retirement Planning.  Sagicor Life Jamaica Limited  is  the  leading  life  and  health  insurance provider in  Jamaica; Sagicor Bank Jamaica Limited is one of Jamaica’s largest commercial banks, and Sagicor Investments Jamaica Limited is one of the top investments companies in the country.  Sagicor Group Jamaica is a member of the wider Sagicor Financial Corporation. Sagicor Financial Corporation operates in over 20 countries and its operations date back to 1840. 

For further information, please contact Michelle-Ann Letman at 876.936.7838; 876-818-6204 or email [email protected]
Sagicor Group Jamaica, 28-48 Barbados Avenue, Kingston.