May 6, 2006, 5:53PM
Western Union, GraceKennedy Partner
© 2006 The Associated Press
ST.JOHN'S, Antigua — GraceKennedy Limited, a Jamaica-based money transfer business, will partner with Western Union to run four branches in this Caribbean nation, officials said.
The service will provide economic benefits to people in the two-island nation and will strengthen regional integration in the Caribbean, Prime Minister Baldwin Spencer said Friday at an event to mark the opening of the offices.
U.S.-based Western Union suspended its service in Antigua in January to do regular internal audits required by U.S. authorities. At the time, it had partnered with British American Insurance to run money wire operations.
Money transfers are common in the country, with many Antiguans living overseas sending cash back home.
GraceKennedy's operations include the financial and food processing industries.
