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Marshall Islands

MH · MHL · 584Asia-PacificUSD $12 methods

4 sources

The Marshall Islands uses the US dollar, which provides stable currency access but limits domestic monetary policy.

~0.025M
online population
~25%
banked adults
<10%
credit card population
MixMethodsBehaviourSourcesFacts

Payment mix

share of e-commerce spend
  • Cash (USD)85%
  • Card10%
  • Bank Transfer3%
  • Digital/Mobile2%

Methods in use

top 8 of 12
All 12 methods in Marshall Islands →

Checkout behaviour

The Marshall Islands passed legislation in 2018 to issue the SOV, the world's first sovereign blockchain-based digital currency, though implementation has been limited.

The country is a beneficiary of the World Bank's Pacific correspondent banking protection project.

Facts
ISO 3166
MH · MHL · 584
Region
Asia-Pacific
Population
0.042M
Currency
USD $
Banked adults
~25%
Methods live
12
Compare with
PalauTongaMicronesia (Federated States of)Kiribati
Sources
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