Wednesday September 23, 2020

Denis O'Brien's Digicel buys Jamaican payments company

No price disclosed for deal on company founded by US ambassador

11th December, 2015
Denis O'Brien's Digicel has bought a Jamaican payments company Pic: Bloomberg

Digicel Group, the Caribbean mobile phone company owned by Denis O'Brien, has acquired a majority interest in Jamaican payments company for an undisclosed sum.

Paymaster was established in Jamaica in 1997 by Audrey Marks, the former US Ambassador for Jamaica to the US.

The company developed and launched a proprietary bill payment information system and, according to a press release issued on behalf of Digicel, the company has over 170 locations in Jamaica and agent relationships...

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