GraceKennedy money services has partnered with Western Union money transfer in a move that will launch money transfers from Cayman to countries worldwide with Cuba being the newest country on the list.
Remittances sent from the Cayman Islands may now be sent by Cuban nationals who are living in Cayman to their home country. The Country Director of Western Union Andre Largie says the move is historical for all Cubans, adding that Cubans have not been able to send money home in years.
“Cuban nationals have not been able to send money to Cuba for decades and this is a Historic occasion. I’ll be frank, I don’t know the scale of the Cuban diaspora here in Cayman specifically or national statistics on the number of Cuban nationals or descendants that are here in Cayman, but we know certainly that Cayman is a friend to the people of Cuba,” Mr Largie says.
Meanwhile, Vice President of Business Development at GraceKennedy has explained that renewing money transfers from Cayman is not a move which solely benefits people from other countries, adding that job creation for the people of Cayman was also a strategy considered when implementing the business move.
“Employment will also be enhanced because each sub-agent that we engage also has to employ persons and by virtue of us representing the Western Union business in Jamaica, there are other vendors who we also engage; so they are the courier companies, they are the computer practitioners, they are the marketing persons, the signage persons. So it is something that I think we are making a contribution to the country,”
The press conference held by GraceKennedy also highlighted the launch of a Next Day Service which Western Union says will facilitate recipients from overseas to pick up money at their own timing.