Kenyan cross-border payments company WapiPay is expanding into the Caribbean through a partnership with Jamaica's JN Money Services, the remittance arm of Jamaica National Group. The agreement follows regulatory approval from the Bank of Jamaica and creates a new payment corridor linking Jamaica with markets across Africa and Asia. It also grants WapiPay access to JN Money's established local payout infrastructure and positions Jamaica as its gateway to the wider Caribbean.
Gateway to the Caribbean
WapiPay customers will be able to send funds to Jamaica for cash collection at JN Money locations or direct deposits into local bank accounts. The partnership supports both person-to-person transfers and business-to-business payments, including trade-related transactions between the two regions. JN Money operates an international remittance network spanning 18 countries, giving the Kenyan fintech immediate distribution reach without building physical cash infrastructure from scratch.
Speed and Fee Transparency
WapiPay says it is targeting completion of supported transfers in less than 30 seconds to improve customer convenience. The company will not charge a fee on its side for the service, which could make the corridor more competitive for users. The partnership comes as remittance companies increasingly compete on speed, foreign-exchange transparency and distribution rather than simply the ability to move money between countries.
Executive Perspective
Horace Hines, general manager for JN Money Services, said the partnership expands convenient and reliable remittance options for Jamaicans and their families. He noted that the company is deliberate about building strategic partnerships that make the remittance experience more accessible. The move is expected to strengthen financial connections between Jamaica and overseas markets as customer demand for digital financial services grows.
Platform Capabilities
Josephat Nelson Mados, WapiPay country director for Jamaica, said JN Money was a natural partner because of its trusted brand and deep local market expertise. He added that customers will benefit from competitive pricing, faster processing and clearer visibility on fees, foreign exchange rates and transaction status. WapiPay has enhanced its platform with automated routing, real-time tracking, settlement tracking and compliance tools to support individual and business payment use cases.
Strategic Growth Across Emerging Markets
Founded in 2019 by brothers Edward and Paul Ndichu, WapiPay initially focused on payments between Africa and Asia, particularly for African businesses paying suppliers in Asia. The company has since expanded its network across Africa, Asia, the UK, the US and the Caribbean. The Jamaican partnership fits into a broader strategy of building payment infrastructure across emerging markets rather than operating isolated remittance corridors.
Product Diversification
The company recently added a Canadian Money Services Business license covering foreign exchange, money transfer and payment services, including virtual currency transactions. Earlier this year it introduced a remittance-based credit scoring tool designed to help financial institutions assess borrowers using international money transfer patterns. These products position WapiPay around consumer remittances, trade payments and business disbursements, giving it multiple potential sources of transaction volume.
With Jamaica now part of its international footprint, WapiPay is betting that the next stage of African fintech growth will involve connecting the continent directly to other high-volume emerging markets. The collaboration effectively creates a three-region payment link among Africa, Asia and the Caribbean through a trusted local partner. It signals a shift toward integrated payment infrastructure that supports remittances, trade and business transactions across multiple emerging economies.