(Jamaica Gleaner): On the back of record remittances in 2011 that narrowly edged out pre-recession highs, companies in the money services sector say they are expecting the pace of inflows to improve even further this year and are edging their bets through network expansion and new partnerships. Remittances rose to a new high of US$2.025 billion of inflows last year. The last time Jamaica hit that mark was in 2008 when inflows were recorded at US$2.021 billion. The improvement tracks with a rise in job prospects in the United States from where 58 per cent of total remittances to Jamaicans now flow. The other top markets are United Kingdom, 17 per cent; Canada, 11 per cent; and Cayman Islands, six per cent. Inside Jamaica, as the market heats up, so has the jockeying for business.

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