Remittance market flattens, but provider MFS Capital aims to target underserved areas

Remittance inflows are flat amid fewer providers, but MFS Capital Partners aims to profit by securing licences to operate along key corridors. The company secured licences for remittance services at its new branch at Windward Road, eastern Kingston, and cambio services at its existing location at Three Miles in St Andrew. Chief Executive Officer Dino Hinds said the new services will start contributing to revenue in the first quarter, from July to September.

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