FinTech in the Pacific Island Countries: Challenges and Opportunities

Tientip Subhanij () and Ralph Chow Wen Kang ()
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Tientip Subhanij: Macroeconomic Policy and Financing for Development Division, ESCAP
Ralph Chow Wen Kang: Macroeconomic Policy and Financing for Development Division, ESCAP

No PB82, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: Each of Pacific island countries share similar challenges and opportunities as small and remote island economies, with limited natural resources, narrowly-based economies, large distances away from major markets, and vulnerable to external shocks. Yet these countries are committed to the promotion of financial inclusion to its citizens via the harnessing of digital technology and believe that financial education plays an important role in skills transfer through the improvement of digital and financial literacy. Many Pacific Island countries have worked with agencies such as the Pacific Financial Inclusion Programme (PFIP) to fund innovative financial services

Date: 2019-03
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