A continued upswing in remittance inflows is accredited to a growth of 9.8 per cent in inflows via remittance companies aided by an increase in inflows via other remittances of 3.0 per cent for the month of October.

Remittance inflows for the month of October amount to US$277.9 million, an increase of 10.2 per cent or US$25.7 million compared to the inflows for the same month last year. Overall remittance inflows for the January to October 2021 period totalled US$2,901.0 million.

 

The Bank of Jamaica (BOJ), in its latest report, indicates that this improvement came from an increase in total remittance inflows of 8.8 per cent or US$23.9 million complemented by a decline of 9.0 per cent or US$1.8 million in outflows.

https://www.jamaicaobserver.com/business-observer/remittance-boost-remittance-companies-drive-growth-in-inflows_239503?profile=1056