As per the World Bank’s Remittance Prices Worldwide database, the global average cost of sending $200 remained high, at around 7 per cent in the first quarter of 2019. This shows that the remittance market in every part of the world is receiving and sending the high amount to their family, relatives and friends in the home country. Jamaica is also such country which receives a large amount of remittances from other countries including the US, the UK and Canada.
Not many companies offering their services to send money to Jamaica but from a few, you can select the best. You can check the mid-market rates and then select the one which is providing the high exchange rates with low transfer fees. This will help you in saving a lot of amounts which people often pay as hidden fees and get the cheap ways to send money to Jamaica.