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Donnell Nicolas

The Bahamas is moving towards an economy that involves less usage of cash and more online banking, digital currency and use of atm cards. The issues that may arise with technology changing and affecting the financial industry is that there may be Bahamians who feel that they are not fully equipped to deal with the changes and the inability to integrate. This paper will analyze the evolution of the financial services sector in the digital environment and steps that The Bahamas has made to move along with the rest of the world. This research will also include literary reviews on the recent advancement of technology, the digital development of the country in different areas including government agencies and the banking sector and lastly insight towards the variables that will affect the effectiveness and efficiency of businesses going cashless.