The Federated States of Micronesia, an archipelago nation in the western Pacific Ocean, is still developing its financial system. Cash remains the primary mode of payment, with limited access to banking services and underdeveloped digital payment infrastructure. The government is working to promote financial inclusion and encourage the adoption of modern financial technology. Micronesia’s payment system is primarily cash-based, reflecting underdeveloped financial infrastructure and lower levels of digital literacy across the Federated States. Credit and debit card usage is limited, largely concentrated in urban areas and businesses that cater to tourists. Online banking and electronic transfers are developing, and mobile money services are likely to emerge in the coming years.
Estimated Population
115,000
Currency
Micronesian dollar (USD)
All supported payment methods for Micronesia:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
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American Express
Credit/Debit Cards
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JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
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Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
