KINGSTON, Jamaica – The GraceKennedy Monetary Group (GKFG) has acquired the “Excellence in Digital Monetary Innovation (Jamaica)” award from the United Kingdom-based enterprise publication, Capital Finance Worldwide (CFI.co).
In asserting the 2024 award, CFI.co spokesperson Anthony Michael recommended GKFG for its imaginative and prescient in digital transformation and its breakout achievement, the launch of the GK One cellular pockets app with its companion pay as you go Visa card.
In keeping with Michael, “The GraceKennedy Monetary Group delivers a complete suite of economic providers all through Jamaica and the broader Caribbean. The Group’s choices cater to numerous buyer wants with well-recognised manufacturers basic to each day life.”
The launch of GK One in 2021 marked the start of GKFG’s digital innovation journey, with a deal with monetary inclusion and customer-centric options. In response to market shifts related to the COVID-19 pandemic, GKFG capitalized on simplified due diligence rules from the Financial institution of Jamaica to introduce the user-friendly digital platform, permitting its prospects to obtain Western Union remittances.
Main Remittance App within the Caribbean
With over 100,000 downloads on the Google Play and iOS App Shops, GK One is now the Caribbean’s main remittance app by transaction quantity.
Steven Whittingham – Deputy CEO of the GraceKennedy Monetary Group
Deputy CEO of the GraceKennedy Monetary Group and Head of Digital Transformation for GraceKennedy Restricted (GKL), GKFG’s dad or mum firm, Steven Whittingham, famous the importance of the award saying, “This award reaffirms GraceKennedy’s strategic mandate for digital transformation and highlights the distinctive achievements of the workforce at our GK Digital Manufacturing facility and GKFG. As we proceed to put money into our digital future, finally GK One will enable extra customers throughout the Caribbean to entry all GKFG providers inside one, easy-to-use digital ecosystem.”
GK One has already streamlined buyer onboarding and expanded monetary entry for Jamaicans. The app not solely permits prospects to obtain remittances on their telephones but in addition facilitates different important monetary transactions, together with invoice funds, buying insurance coverage, in addition to bank card functions and monitoring.
“We’re extraordinarily pleased with the truth that this product was constructed by Jamaican demonstrating that as a nation, we’re nice not solely in sports activities, tradition and music but in addition at digital innovation. We commit to each GK One buyer that we are going to proceed to enhance the platform and add extra performance that can make your monetary journey a lot easier,” mentioned Whittingham.
As GKFG expands its digital footprint past Jamaica, the Group seems ahead to regulatory frameworks throughout the area supporting the rollout of the GK One app all through the Caribbean.
To broaden its attain and influence, GKFG can be actively pursuing partnerships with different financial institutions within the Caribbean area. A current instance is its collaboration with Jamaica’s Nationwide Industrial Financial institution by the Lynk app, which now permits Western Union remittance deposits through GraceKennedy Remittance Providers, a member of GKFG.
The CFI.co enterprise publication, which acknowledges high expertise in finance throughout six areas mentioned on its awards web page, “Every year, CFI.co seeks people and organizations that contribute considerably to the convergence of economies and add worth for all stakeholders. Reporting from frontlines of financial convergence, CFI.co realises that greatest follow is to be discovered all through the world and the Awards Programme goals to determine and reward excellence wherever it’s discovered within the hope to encourage others to additional enhance their very own efficiency.”
As GKFG expands its digital footprint past Jamaica, the Group seems ahead to regulatory frameworks throughout the area supporting the rollout of the GK One app all through the Caribbean.