Jamaica Co-operative Credit Union League Closes CONEC Mobile Wallet Service
The Jamaica Co-operative Credit Union League (JCCUL) through its investment subsidiary Centralised Strategic Services Limited will be discontinuing its CONEC Mobile Wallet Service effective Thursday November 30th 2017.
According to a small space newspaper advertisement published yesterday, existing account holders were directed to utilize the funds in their accounts or cash out at any of the JCCUL agent locations. Account holders also had the option to transfer funds to their credit union account, if they were a member of a credit union.
Centralised Strategic Services Limited was the first to roll out a mobile payment system under the Conec brand, which was an upgrade to JCUES, an e-payment system.
Conec went live in September 2014 with the new digital wallet allowing users to receive and send cash of maximum $150,000 in value to other registered users, top up phone credit, transfer money between credit union accounts, pay selected utility bills and check account balances.
JCCUL’s technology partner, Mozido Jamaica Limited has indicated in the past that Conec was being used principally for airtime top-up and person-to-person transfers.
Other approved mobile money operators include Quisk from the NCB Financial Group, and GK-MPay, offered by the GraceKennedy group. BM