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Palau

No Open Banking

The microstate lies in the western Pacific.

A graphic image showing world countries and border lines in different shades of blue, Palau is made prominent being filled in orange colour.

48% of the population of Palau  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.