30 per cent of Jamaicans have no bank account

Friday, April 24, 2015

MONTEGO BAY, St James — With more than 30 per cent of Jamaicans said to be “unbanked”, chairman of the Financial Services Commission (FSC), Colin Bullock, is calling for greater financial inclusion for all citizens as a key ingredient in fostering growth and national development.

Financial inclusion refers to access to affordable financial services such as credit, insurance and savings, particularly for disadvantaged and low-income segments of society.   Speaking at a Caribbean Group of Securities Regulations conference in St Ann Tuesday, Bullock said there is an unacceptably high ratio of adults in Jamaica without bank accounts and, by extension, access to financial institutions.

http://www.jamaicaobserver.com/regional/30-per-cent-of-J-cans-have-no-bank-account_18811091