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No Open Banking

Nauru’s population of about 10,000 is the world’s second-smallest, after Vatican City.

62% of the population of Nauru had access to the internet at the beginning of 2022.

According to the International Monetary Fund (IMF), Fintech could potentially allow Pacific island countries to alleviate the impact of structural impediments and persistent challenges, such as geographic remoteness and dispersion, small scale, limited infrastructure, and fragile correspondent banking relationships. Fintech solutions can complement existing efforts to promote financial inclusion, enhance financial sector development, and increase inclusive growth potential, thereby reducing poverty.