s outlined in the National Financial Inclusion Strategy (NFIS), Jamaica has the highest proportion of formally banked adults among middle-income countries in Latin America and the Caribbean (LAC), but relatively low rates of account use compared to their regional counterparts.
Savings in the formal sector and pension penetration is also low.
NFIS outlines that Jamaicans save mostly outside the formal financial sector.
Seventy-four per cent of Jamaicans report having saved or set aside money in the past year, although only a third report having done so via a regulated financial institution.
http://www.jamaicaobserver.com/business/How-Jamaica-stacks-up-in-Financial-Inclusion_94221
