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.