DENVER, Colorado – A senior official of WorldRemit, the London, England-based digital money transfer company, says overall remittances to the Caribbean will be severely impacted this year as a result of the novel coronavirus (COVID-19) pandemic
Daniel Canning, managing director for the Americas, including the Caribbean, at FinTech, said late last month that while it is too early to understand the full impact of COVID-19 on remittance flows to the Caribbean, “we expect that overall remittances will be impacted in 2020.”
Canning, who is based at WorldRemit’s office in here, gave no figures but told the Caribbean Media Corporation (CMC) that his company is “seeing an increase in new customers and sending patterns from the digital channel, as customers opt for the convenience and safety of sending money directly from their computer or smartphone.”
WorldRemit currently services Anguilla, Antigua and Barbuda, Barbados, British Virgin Islands, Cayman Islands, Dominica, Dominican Republic, Grenada, Haiti, Jamaica, Montserrat, Puerto Rico, St. Kitts and Nevis, St. Lucia and Turks and Caicos Islands.
