Jamaicans double FX deposits in local banks as they save more

| June 17, 2016

Jamaicans double FX deposits in local banks as they save more
The BOJ said that overall, deposit growth was the highest it has been in over 10 years. Domestic currency deposits were the major contributor, with inflows of $44.6 billion compared with $11.2 billion in 2014. Meanwhile, foreign currency deposits increased by US$229.9 million relative to previous growth of US$105.9 million in 2014. Total “deposit expansion of 11.9 per cent or $82.1 billion to $771.9 billion (including foreign exchange revaluation gains of $16.7 billion) was the highest reported in 10 years and represented the most significant source of funding for deposit taking institutions (DTIs) during 2015,” the central bank noted in its annual report...

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FINTECH

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IBM | July 30, 2021

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PAYMENTS

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BLOCKCHAIN

Mastercard Introduces A New Cryptocurrency And Blockchain Program For Startups

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FUNDING

Nium Raises Over $200 Million in Series D Funding

Nium | July 27, 2021

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The Capital One Secured Mastercard is a credit card that requires a refundable security deposit to open. Watch this video to learn how the Capital One Secured Mastercard helps you build credit with responsible use. Make the minimum required security deposit and you'll get an initial credit line

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