Payments/SB
Solomon Islands
ISO SB · 1 scheme
Summary
- Mobile money emerging
- Our Telekom mobile services
- BSP regional bank presence
- CBSI regulatory oversight
- High unbanked population
Banking landscape
Central Bank
- Name: Central Bank of Solomon Islands (CBSI)
- Website: https://www.cbsi.com.sb/
- Role: Monetary policy, financial regulation
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | BSP Solomon Islands | Regional | BSP App |
| 2 | ANZ Solomon Islands | International | ANZ App |
| 3 | Pan Oceanic Bank | Local | Limited |
Market Structure
- BSP: Dominant regional bank
- ANZ: International presence
- Limited banking: Geographic challenges
- Cash dominant: Primary method
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| Bank transfers | Banks | Wire | Active |
| Mobile money | MNOs | Emerging | Developing |
| Card networks | Visa/MC | Cards | Limited |
| Cheque clearing | CBSI | Manual | Active |
Mobile Money Status
- Our Telekom services
- BMobile involvement
- Financial inclusion goal
- Rural access challenge
Geographic Challenge
- Many scattered islands
- Limited infrastructure
- Connectivity issues
- Digital solutions needed
QR code standards
QR Payment Status
| Attribute | Value |
|---|---|
| Standard | Developing |
| Adoption | Limited |
| Providers | Emerging |
| Challenge | Infrastructure |
Mobile Money QR
- Developing stage
- MNO-led efforts
- Bank partnerships
- Future potential
Bank Digital Services
- BSP digital banking
- ANZ mobile services
- Limited QR features
- Growing capabilities
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| BSP App | BSP | Limited | Banking |
| Mobile money | MNOs | Developing | P2P |
| Bank Apps | Various | Limited | Services |
Financial Inclusion
- High unbanked rate
- Rural population
- Mobile solution needed
- MNO/bank collaboration
Development Focus
- Digital financial services
- Payment infrastructure
- Regulatory framework
- Consumer protection
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Bank transfers | Wire | Banks | Active | — |
Sources
Full country report
Schemes
Standards
Primary · 1
Mentioned · 1