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Wallis and Futuna

No Open Banking

Three main volcanic tropical island and some tiny islets make up the Wallis and Futuna Islands.

50% of the population of Wallis and Futuna Islands 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.