Payment methods in Solomon Islands

Oceania

6methods

3banks

SOLATS launched April 2024, reducing interbank transfers from 2–3 days to ~10 minutes.

Market takeaways

SOLATS launched April 2024, reducing interbank transfers from 2–3 days to ~10 minutes.
M-SELEN mobile wallet reached 335,000 registered users with 3,000 agents across 9 provinces within two years — 80% of the adult population.
Solomon Islands joined a World Bank regional project in June 2025 to safeguard correspondent banking and strengthen financial infrastructure.
Cash dominates, particularly in outer islands and rural areas with limited connectivity.
The country faces significant de-banking risks, with global banks reducing exposure to smaller Pacific economies.

Population

0.74M

Online population

~0.25M

Banked population

~25%

Credit card population

<5%

Payment method breakdown

Cash75%
Mobile Money18%
Card5%
Bank Transfer2%

Card scheme breakdown

Market data coming soon.

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Solomon Islands

Popular options based on coverage and prominence in this market.

ANZ (Australia and New Zealand Banking Group)

ANZ (Australia and New Zealand Banking Group) is a major regional bank operating across the Pacific. It provides retail and commercial banking, debit/credit cards, ATMs, and internet/mobile banking to account holders in Fiji, Kiribati, Solomon Islands, Tonga, Tuvalu, Vanuatu and Samoa.

BSP (Bank South Pacific) Mobile Banking

BSP Financial Group's banking services in Vanuatu, providing account management, debit cards, and basic digital banking for account holders. BSP is the primary commercial bank across multiple Pacific island nations.

SOLATS (Solomons Automated Transfer System)

The Solomon Islands' new interbank real-time payment system, launched April 2024 with IFC support. SOLATS has reduced interbank transfer times from two-to-three days to approximately 10 minutes, dramatically improving domestic payment efficiency and fraud protection.

M-SELEN (Our Telekom)

Mobile wallet service deployed by Our Telekom in the Solomon Islands with support from the UNCDF Pacific Digital Economy Programme. M-SELEN has 335,000 registered users and 3,000 agents nationwide, covering 9 provinces and islands. Within two years of launch, 80% of the adult population registered, making it one of the most successful Pacific mobile money rollouts.

BSP (Bank South Pacific) Solomon Islands

BSP is among the major commercial banks operating in the Solomon Islands, providing mobile and internet banking services to account holders. BSP's Pacific network gives it cross-border capabilities across the region.

ANZ Solomon Islands

ANZ Bank operates in the Solomon Islands providing retail banking, Visa/Mastercard card issuance, and ATM infrastructure. ANZ is part of the World Bank correspondent banking protection initiative for the Pacific.