Retail Payment Ecosystem

About the Project

The objective of the study is to provide a comprehensive understanding of Solomon Islands’ retail payments ecosystem, its market size, customer preferences, and merchant motivations.  

 The final report will benefit various stakeholders:  

  • Private sector players will be able to define relevant strategies and design profitable and customer-centric products for (digital) retail payments. 
  • Regulators and policymakers will clearly understand which types of services exist in the market; whether those are in early, mid, or mature stages; and how their support can be truly transformational for the digital economy of the Solomon Islands. 
  • Development partners that are active in this space will be able to identify future interventions (for example for remittances, P2G/G2P, etc.) based on challenges and opportunities highlighted in the study. 

Start and End Date

March
2023
-
September
2023

Geographical Focus

Main Beneficiary

Government

Status

Active

Budget

Donors

Contact Person

Zoe Victoria Tate
UNCDF Country Lead Technical Specialist

Policy Area

PA1. E-commerce Readiness & Strategy Formulation

Strategic Output

1.1. National E-commerce strategies are developed and implemented in FICs, which are built on domestic consensus and inspired by the Regional E-commerce Strategy and Roadmap.

Measures

1.1.2 Establish a Pacific E-commerce Committee and national E-commerce committees modelled on the regional body to strengthen cooperation between government institutions, regulatory bodies and leading private sector partners

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