The LASCO Financial Services Group is comprised of LASCO Financial Services Limited. Our target market is the banked and marginally banked with the aim of bringing them further opportunities for financial inclusion.
Our main business activities are
(1) money transfer (send/receive transactions) within Jamaica, as well as transactions to and from Jamaica to the world
(2) currency exchange (in cash and drafts for USD, and cash only for GBP, CAD, KYD and EURO) to local businesses, small entrepreneurs and the general public
(3) consumer loans to salaried borrowers, and
(4) business loans and support to micro and small businesses.
Having launched our consumer-facing brand, LASCO Money in December 2016, we rebranded our 3 branches, Red Hills Road, Papine and Montego Bay to LASCO Money Store, providing a full suite of financial and value-added services including bill payment, JUTC and phone credit top-ups.
Both Money Transfer and additional value-added services are provided through our three branches and over 125 locations in our remittance network, with Cambio services through three sub-agents. LFSL operates its own Cambio branches in two locations in Kingston and one in Montego Bay. The loans department has expanded with locations across the island, including but not limited to Red Hills Road, Half Way Tree, Down Town Kingston, Papine, Linstead, Santa Cruz, Montego Bay and Mandeville. LFSL provides its services under a number of well-recognised brands including MoneyGram and Quick & EZ for bill payment. Our distribution channel through our agent network includes large groups such as Mobile Electronics, Prime Trust Financial, Paymaster, FHC Credit Union, COK Credit Union, C&WJ Credit Union, and several independent business owners.
LASCO Money is a leading provider of retail financial services founded by Lascelles Chin, an outstanding business leader, exporter and philanthropist. We have provided over 10 years of exceptional service to the Jamaican people with attractive loan options, cambio and remittance services licenced by the Bank of Jamaica (BOJ).
In addition, we hold the unrivalled position of being the number one MoneyGram agent in Jamaica. Our primary business objective is to provide our customers with a trustworthy network of financial service providers and branches.
We aim to help our customers conduct money transfers, money exchanges, pay bills, and access loans, conveniently.