Brief by Shorts91NewsDesk / 03:12pm on 18 Apr 2025,Friday International
On April 15, 2025, the Pacific island nation of Tuvalu installed its first-ever Automated Teller Machines (ATMs), transitioning away from a cash-only economy. The National Bank of Tuvalu, in partnership with Pacific Technologies Limited of Fiji, deployed five ATMs and 30 point-of-sale terminals across the capital, Funafuti. Until now, residents had to queue for hours at the country’s only bank to withdraw salaries. The new system uses prepaid cards, with plans to launch Tuvalu-issued debit and credit cards soon. This move marks a crucial step in improving digital financial infrastructure and access in one of the world’s most remote nations. (PC: CNN)
