The National Financial Inclusion Survey Report 2023
The National Financial Inclusion Survey Report 2023
August 22, 2024
The finding of the 2023 National Financial Survey and Report (formally referred to as Digitalization of Payments and Inclusion (DP&I) Survey) undertaken by TTIFC will be critical to the development of a National Financial Inclusion Strategy (NFIS), which is among its numerous goals, will provide a blueprint of suitable approaches to the present issues and impediments identified in the survey.
Financial inclusion is a catalyst for economic growth, resilience, and job creation. The findings of TTIFC's National Financial Inclusion Survey indicate that the financial inclusion in Trinidad and Tobago presents a complex and evolving picture, highlighting varying trends in account ownership across demographics, a persistent preference for cash transactions, and the challenges faced by micro, small and medium enterprises (MSMEs).