Payment mix
share of e-commerce spendCategoryLeading methodShare
- Cash (USD)—88%
- CardVisa8%
- Bank Transfer—3%
- Digital/Mobile—1%
Methods in use
top 8 of 12 · by spend
Checkout behaviour
UNDP has developed specific digital financial service inclusion strategies for FSM given its geographic isolation.
Banking infrastructure is severely limited across the outer islands of Chuuk, Yap, and Kosrae.
Facts
- ISO 3166
- FM · FSM · 583
- Region
- Asia-Pacific
- Population
- 0.115M
- Currency
- USD $
- Banked adults
- ~20%
- Methods live
- 12
- Banks covered
- 1
Largest banks
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Sources
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