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Only 23% of Dominicans have credit cards

Mastercard general manager in the Dominican Republic Delma Reyes says that studies show that 23% of Dominicans are credit card holders. Most Dominicans still use cash. Reyes says that official figures show that 43% of the population has a savings account, 28% use a payroll banking account and just 2.3% benefit from mortgage loans.

She points out that the high volume of cash use reflects the predominance of the informal economy, and has negative effects on the safety of the population.

Source: DR1, Eldinero

May 30, 2016

Category: DR News |

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Last updated December 6, 2016 at 12:34 PM
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