Remittance customers looking for more options to receive money from family and friends worldwide can now conduct their transactions through LASCO Money’s newest partner, Ria Money Transfer. .
Bank of Jamaica data shows net remittance inflows for January to April 2019 increased by one percent or US$6.9 million relatives to the previous corresponding period. The largest source market of remittances to Jamaica in April 2019 remained the US, followed by the UK, Canada, and the Cayman Islands. .
Overseas-based customers conducting send transactions using Ria Money Transfer will have added on-the-go flexibility with the option to select a preferred pay-out location at any authorized LASCO Money agents and any of the three LASCO Money Stores located in Kingston at: 38 Red Hills Road and 15 Chandos Place, Papine; and Shop F Baywest Shopping Centre in Montego Bay.
According to LASCO Financial Services Marketing Manager Danielle Harris-Drysdale, “LASCO Money has recognised that a large sector of our nation relies heavily on remittances to not only pay school fees but to conduct home improvement projects, take care of family members and so much more.” she continued “Our partnership with Ria Money Transfer, allows us to respond to the markets demand by providing Jamaicans with an additional money transfer service, that is hassle-free and transparent to help them manage their financial affairs.” .
LASCO Money is licensed and supervised by the Bank of Jamaica and is subject to anti-money laundering regulations. It is a member of the Cambio Association of Jamaica, Jamaica Money Remitters Association and the Jamaica Micro Financing Association. .
The Jamaica-US dollar exchange rate has depreciated from an average of J$128.50 to US$1 in December 2018 to $137 to US$1 as of trading day on Tuesday February 5, 2018. This is quite the opposite of what occurred last year, when the currency...