CaribCash Money Transfers comes to Guyana
Guyana Chronicle
February 20, 2004
CARIBCASH Money Transfers opened its doors for business in Guyana Wednesday, and at a news conference held at the Water Chris Hotel, officials of the new entity urged Guyanese to visit any of the 62 Post Offices countrywide or the CaribCash main office at 231 Camp Street, Georgetown to send or receive money worldwide.
Among persons at the head-table during the press conference were Mr Manzoor Nadir, Minister of Trade, Tourism and Industry, who welcomed the company to Guyana.
In his remarks, Minister Nadir said that the money transfer service is a big industry, which has attracted some attention in recent times because of the large cash flow into this country especially that which comes from North America.
After urging the management of the new money transfer service to maintain high standards, the Minister praised the company’s initiative in establishing an alliance with the Guyana Post Office Corporation (GPOC).
Nadir predicted that the fees garnered by GPOC would significantly boost the agency’s developmental plans.
“CaribCash.com is the address of the Internet-based system that allows you to send international money transfers via our Website to relatives, friends, and for personal financial transactions in the Caribbean. Our payout locations are widespread across the various islands and include all branches of the Post Offices in these countries as well as prominent banks and reputable businesses,” said Mr Keith Brotherson, CaribCash Vice Chairman and Executive Director of Sales and Marketing.
He continued: “Our Internet service is strongly supported by an extensive network of collection points located in most Caribbean-based communities in the United States. Customers, who desire to remit cash, can call our toll free number 866-511-CASH (2274) to find an agent nearest you. We accept your online payment by Visa or MasterCard.”
Brotherson said that CaribCash will soon launch its own Smart Card and Secured Visa Credit card products.
“These products are intended to offer our clients more savings as they utilise our services. They add even more security while facilitating a complete financial transaction on our Website,” said Mr. Brotherson.
CaribCash.com is an authorised agent of CashPoint Inc., a licensed money transfer institution in the United States.
He said that CaribCash is a brand name and subsidiary of Roraima Financial Services, a Nevis Business Corporation with registered offices in Charlestown, Nevis, West Indies.
The company was established in January 2000 to focus on the development of an Internet-based medium that will:
* Conveniently transfer funds to relatives, friends, and businesses within the Caribbean from any location in the World.
* Allow nationals or temporary residents abroad (non-residents/ undocumented workers) the opportunity to conduct personal financial transactions in a convenient and efficient manner, with the use of a CaribCash Visa or Smart card, and
* Offer Caribbean expatriates the ability to pay utilities, furniture, mortgage, rent, taxes, and other bills in the Caribbean from any location in the world.
“The principals of CaribCash are extremely confident that this facility will confirm to its motto of, ‘Keeping the Caribbean Connected’, which is the guiding principle of its parent company, Roraima Financial Services,” a brochure noted. (Michel Outridge)