Mozido, a mobile financial services company, in partnership with the Jamaica Co-operative Credit Union League (JCCUL) and bill payment service provider, Paymaster, this week announced the rebrand of Jamaican mobile wallet JCUES, now CONEC Mobile Wallet. The companies said in a press release the mobile wallet initiative was rebranded in an effort to open up the financial service to more of the Jamaican market in the unbanked and underbanked population.

Consumers can use the mobile wallet to pay for goods and services and complete bill and loan payments, remittances, deposits and withdrawals. The Bank of Jamaica regulates the mobile wallet and the product abides by international PCI DSS standards and is PCI DSS-certified.

"I'm extremely proud of what JCCUL, Heston Hutton, Managing Director of Centralised Strategic Services (CSS), and Kavin Hewitt, CEO of Mozido Jamaica, have created in a total mobile payment and commerce ecosystem," Michael Liberty, founder of Mozido, said in a press release. "We've spent years working closely together to develop the perfect expression of a Mozido mobile payments and commerce ecosystem, which has now been achieved. We will continue to fully support all initiatives in Jamaica, one hundred percent."