Feb 2016 Financial News

GraceKennedy Limited - GK Money Services expands into the Turks & Caicos Island

Feb 10, 2016

Kingston, Jamaica, February 2, 2016 – GraceKennedy has announced that effective today, GraceKennedy Money Services (GKMS) will be expanding operations into the Turks and Caicos Islands through GraceKennedy Money Services Turks & Caicos Limited (“GKMS Turks & Caicos”). GKMS is a member of the GraceKennedy Group and authorized agent of Western Union.

With this new market, GraceKennedy through GKMS, now serves as Western Union’s agent in eleven countries across the Caribbean, including Jamaica, Trinidad & Tobago, Guyana, St. Vincent and the Grenadines, St. Kitts and Nevis, Antigua and Barbuda, Anguilla, Montserrat, the British Virgin Islands and the most recent addition, the Cayman Islands in November 2015.

According to GraceKennedy Group CEO, Don Wehby, “As we mark our 25th year of representing Western Union in the region, we are pleased to offer Western Union services in the Turks & Caicos Islands. This expansion is aligned with GraceKennedy’s strategic vision of becoming a Global Consumer Group delivering long term consumer and shareholder value, through brand building and innovative solutions in food and financial services, provided by highly skilled and motivated people. With two and a half decades of expertise in the money services industry, we look forward to meeting the needs of customers in the Turks & Caicos Islands.” Mr Wehby is also Chairman of GraceKennedy Money Services Caribbean, SRL.

According to Michelle Allen, Chief Executive Officer of GKMS, “We are excited to offer customers in the Turks and Caicos Islands Western Union services. We are committed to providing our customers throughout the region with reliable, convenient and innovative money transfer solutions.”

She continued, “We will also continue our investment in robust compliance systems, which are critical to our business, allowing us to protect our customers while meeting all regulatory requirements.”

GKMS Turks & Caicos will initially have one operating location, ‘Your Choice TCI’, located at Payless Warehouse Limited, 7 Hospital Road in Providenciales. The company plans to add more locations over time. ‘Your Choice TCI‘ will open Mondays to Saturdays from 9 a.m. to 5 p.m.

Over the past 25 years, GraceKennedy Money Services has delivered a wide range of Western Union products and services aimed at enhancing customer convenience and experience. These include the ability to receive and send international and domestic money transfer services for a loyal customer base.

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday February 10, 2016