BOSS Money launches remittance service to Jamaica

By Edlyn Cardoza

IDT Corporation recently announced that it has launched its BOSS Money remittance service to Jamaica. BOSS’s customers in the United States can now send cash to family and friends for a pick up in Jamaican Dollars within minutes at participating LASCO Financial Services Ltd.’s (LFSL) LASCO Money locations throughout the island.

“We are delighted to launch our money transfer service to Jamaica,” said Alfredo O’Hagan, IDT’s SVP for Consumer Payments. “Our partnership with LFSL makes sending cash to, and receiving cash in, Jamaica very easy. In the coming months, we’ll be adding other payout options as we work to become the ‘go-to’ money transfer service for the Jamaican diaspora.”

“This partnership with BOSS Money aligns with our quest to provide Jamaicans with convenient, safe and simple solutions that will suit their immediate needs,” said LFSL Managing Director Jacinth Hall-Tracey. “Family members living in the U.S. will be able to send their loved ones money through Boss Money and receivers can collect from participating LASCO Money agent locations.”

Senders can transfer up to US$1,000 to Jamaica for just US$3.99 on the BOSS Money and Boss Calling apps and take advantage of the Company’s competitive exchange rates. The apps are free on the App Store and at Google Play, and first-time senders on the apps pay no fees on transfers up to US$300. Customers in the United States can also send cash from over 1,000 BOSS Money retailers.

With the launch of the Jamaica corridor, the platform now offers remittances from the United States to 50 countries via 1,250 payers at over 328,000 locations worldwide.