JN Money Transfer Slashes Fees
JN Money Transfer has cut the cost to send remittances from three of its main overseas markets to Jamaica, effective December 6.
Customers will pay as low as 1.99,-in the respective currencies- to send remittances from the United States, Canada, and the United Kingdom to Jamaica.
“Our customers have been lobbying for lower fees to send funds to their family and friends in Jamaica”, explained Horace Hines, acting general manager, JN Money Services. “We have responded to their requests by reducing our fees just in time for the holiday season. And, the Christmas season is one of the peak remittance periods during the year as families send monetary gifts and funds to defray sundry holiday expenses.”
“Our reduction in fees shows our commitment to our customers to keeping them connected with loved ones across the world, with the provision of a quick and efficient service at an even lower rate,” said Hines.
A lower cost to send remittances will benefit many Jamaicans as remittances continue to be one of the major contributors to the Jamaican economy, accounting for slightly over 17 percent of GDP. And, recent data from the Bank of Jamaica revealed that remittance inflows to the country for the period ending June 30 was more than US$965 million.
JN Money Services is the owner and operator of the JN Money Transfer remittance brand.