GraceKennedy Currency Trading Services Limited, also known as FX Trader Cambio, has waived wire transfer fees for Small and Medium-sized Enterprises (SMEs) and commercial customers.

The waiver started on June 1 and will continue until June 30.

It is part of FX Trader Cambio’s commitment to supporting Jamaican businesses amid ongoing economic challenges.

The waiver applies to new and existing customers conducting wire transfers, with a minimum value of US$10,000.

Payments may be made in major currencies, including US dollars, Canadian dollars, Pound Sterling and Euros, allowing customers to save up to US$60 per transaction.

Head of FX Trader Cambio and Treasury, Romario Creary, said that the initiative comes as businesses continue to navigate rising operating costs, shifting global trade conditions, supply chain pressures and increased competition.

In addition to the fee waiver, Mr. Creary said that FX Trader Cambio continues to offer competitive foreign exchange rates, creating further value for customers managing cross-border payments.