A new modality whereby banks turn small local shops into banking agents offering a selection of services is expecting to translate into an increase from 30 to 46% of Dominicans using banking services.
A recent analysis by the department of economic studies of the Association of Commercial Banks in the Dominican Republic (ABA) forecasts the increase will happen by the end of 2017. It establishes that in four years the people using banking services for the first time will benefit from RD$8.9 billion in credit. The new banking agents are expected to increase the number of Dominicans using banking services by 4% a year, which will mean that approximately 1.3 million people will starting using the financial services in the next four years.
The analysis reports that people with access to credit for the first time will be around 470,000. They will use the services of around 1,010 new banking agents in 2014. By 2017, banks expect to have authorized the operation of 4,100 affiliated agents.
http://www.noticiassin.com/2014/12/mas-de-un-millon-de-personas-seran-bancarizadas-en-cuatro-anos/