In certain parts of Africa, East Asia and Latin America many communities are effectively cut off from the banking world—most transactions are by barter, or cash, and few persons have or even know what a bank account is.
Trinidad and Tobago is somewhat different—we do have a widespread banking presence due to the country’s income level, our relatively small size and our long history with banks. Nonetheless, we still need to work more on encouraging, embracing and keeping the participation of several communities in the formal financial sector.