Banking in Vanuatu

Vanuatu banking looks to go digital

The trip alone cost US$5.50, which is the highest figure across the island.

The survey was conducted last year by the Pacific Financial Inclusion Programme, and together with the Reserve Bank of Vanuatu, they are now introducing a new way to manage bank transactions and payments to Government departments.

Deputy Programme Manager Krishnan Narasimhan said having payment flows made digital will help cut down travel time and transaction costs.

"People from Vanuatu are either dealing with cash or cheque and it's a struggle for most when it comes to handling cash."