Topic: cash transfer
Western Union allows cash transfers to Cuba
People in Cayman can now transfer cash to Cuba, officials with Western Union and GraceKennedy Money Services announced Thursday.
Remittances dropped sharply last year
In 2015, the amount of money being sent overseas as remittances dropped by US$10 million over the year before. Many expats, especially low-wage workers, were shocked when they no longer had easy access to send cash home. However, the situation has improved, with Western Union and the other cash transfer companies back open and accepting local currency.
