Payments/WS
Samoa
ISO WS · 3 schemes
Summary
- SATS digital payment system
- MyCash Digicel #1 wallet
- QuickPay QR credit card
- 50% unbanked population
- IFC/World Bank support
Banking landscape
Central Bank
- Name: Central Bank of Samoa
- Website: https://www.cbs.gov.ws/
- Role: Monetary policy, payment systems
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | ANZ Samoa | International | ANZ App |
| 2 | BSP Samoa | Regional | BSP App |
| 3 | National Bank of Samoa | Local | NBS Mobile |
| 4 | Samoa Commercial Bank | Local | SCB App |
Market Structure
- Cash dominant: Primary method
- SATS: New infrastructure
- MyCash: Mobile wallet leader
- Tourism: Payment driver
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| SATS | CBS | Real-time | Active |
| MyCash | Digicel | Mobile wallet | Active |
| Samoa Payments | Private | Gateway | Active |
| Card networks | Visa/MC | Cards | Growing |
SATS Platform
- Samoa Automated Transfer System
- Real-time interbank settlement
- Replaced manual cheque clearing
- IFC/World Bank support
- Australia/NZ government funding
Financial Inclusion
- 50% without bank accounts
- Limited formal services
- Digital solution needed
- Infrastructure developing
QR code standards
MyCash QR
| Attribute | Value |
|---|---|
| Provider | Digicel |
| Feature | QR Pay |
| Status | #1 wallet |
| Type | Mobile money |
MyCash QR Features
- Fast, reliable, safe
- Merchant payments
- Transaction history
- Withdraw funds
- Top-up phone
Samoa Payments QR
| Attribute | Value |
|---|---|
| Provider | Samoa Payments |
| Feature | QuickPay QR |
| Type | Credit card |
| Use | Face-to-face |
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| MyCash | Digicel | Yes | Full wallet |
| Bank Apps | Banks | Limited | Banking |
| Samoa Payments | Gateway | Yes | Merchant |
MyCash Features
- Country's #1 wallet
- QR Pay function
- P2P transfers
- Bill payments
- Seamless withdrawals
Samoa Payments Tools
- BuyNow Links
- Online invoicing
- Fundraiser pages
- QR Codes
- Credit card accept
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| MyCash QR | Mobile | Digicel | #1 wallet | mycash |
| QuickPay QR | Gateway | Merchants | Active | quickpay-qr |
| SATS | Real-time | CBS | Active | sats |
Sources
Full country report
Schemes
Standards
Primary · 1