Payments/VU
Vanuatu
ISO VU · 3 schemes
Summary
- M-Vatu first QR in Vanuatu (Vodafone)
- MyCash Digicel #1 wallet
- Two MNOs mobile money providers
- Siloed systems not connected
- UNCDF development support
Banking landscape
Central Bank
- Name: Reserve Bank of Vanuatu
- Website: https://www.rbv.gov.vu/
- Role: Monetary policy, financial regulation
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | ANZ Vanuatu | International | ANZ App |
| 2 | BSP Vanuatu | Regional | BSP App |
| 3 | National Bank of Vanuatu | Local | NBV Mobile |
| 4 | Bred Bank | French | Bred App |
Market Structure
- Cash dominant: Primary method
- Two MNOs: Digicel, Vodafone
- MyCash/M-Vatu: Mobile money
- Siloed: Not interoperable
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| MyCash | Digicel | Mobile money | Active |
| M-Vatu | Vodafone | Mobile money | Active |
| Bank transfers | Banks | Wire | Active |
| Card networks | Visa/MC | Cards | Limited |
Mobile Money Providers
- MyCash (Digicel) - 2018/19 relaunch
- M-Vatu (Vodafone) - 2019 launch
- First QR: Vodafone M-Vatu
- Not interoperable with banks
UNCDF Support
- Agent network building
- Viability improvements
- Financial inclusion focus
- Three critical challenges
QR code standards
M-Vatu QR (First)
| Attribute | Value |
|---|---|
| Provider | Vodafone |
| Feature | First QR in Vanuatu |
| Partners | Utilities, schools, merchants |
| Status | Active |
MyCash QR
| Attribute | Value |
|---|---|
| Provider | Digicel |
| Feature | Scan to Pay |
| Claim | #1 digital wallet |
| App-only | QR features |
QR Payment Flow
- Merchant QR displayed
- Customer scans code
- Amount entered
- Payment confirmed
- App-based only
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| MyCash | Digicel | Yes | Full wallet |
| M-Vatu | Vodafone | Yes | Full wallet |
| NBV Mobile | NBV | Limited | Banking |
MyCash Features
- QR Pay (fast, reliable, safe)
- P2P transfers
- Bill payments
- Agent services
- Transaction tracking
M-Vatu Features
- First QR in Vanuatu
- Utility payments
- School fees
- Merchant payments
- Supermarkets enabled
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| MyCash QR | Mobile | Digicel | #1 wallet | mycash |
| M-Vatu QR | Mobile | Vodafone | First QR | m-vatu |
| Bank transfers | Wire | Banks | Active | — |
Sources
Full country report
Schemes
Standards
Primary · 1