The Federated States of Micronesia is an independent sovereign island nation consisting of four states – from west to east, Yap, Chuuk, Pohnpei and Kosrae – that are spread across the Western Pacific Ocean. Link to external site : Website for Federated States of Micronesia |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
235.85 Register/Log In |
| HDI classification | Other |
| Mobile Connections (m) |
0.056 Upgrade to Bronze |
| Currency | USD |
| Class | |
| CountryISO | FM |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["FSM Telecom",56230]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",0],["Q4 2001",0],["Q4 2002",1400],["Q4 2003",6360],["Q4 2004",13520],["Q4 2005",17539],["Q4 2006",18800],["Q4 2007",28000],["Q4 2008",36400],["Q4 2009",43680],["Q4 2010",50390],["Q4 2011",56230],["Q4 2012",60753],["Q4 2013",64413],["Q4 2014",66997]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank |
Central Bank Website for Federated States of Micronesia Register/Log In |
| Key Regulations | |
| Type of law |
Hybrid Upgrade to Bronze |
| Legal System |
Mixed legal system of common and customary law Upgrade to Bronze |
| Law is based on | |
| Approach |
Allowed Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",42.07],["Banked",20],["Internet",14],["Urban",22],["Adult",62],["Literate",89]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 0.11 |
| Adult % | 62.00 |
| Migrants % |
3.00 Register/Log In |
| Stock Immigrants ('000) | |
| Emigration Rate % |
18.60 Upgrade to Bronze |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
21.00 Upgrade to Bronze |
| Urban % | 22.00 |
| Female % | 46.40 |
| Literate % | 89.00 |
| Annual Growth % |
-1.60 Upgrade to Bronze |
| Mobile Penetration % | 42.07 |
| Banked % | 20.00 |
| Access to FS % | 40.88 |
| Internet % | 14.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 97.90 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.04 |
| Monthly ARPU |
20.62 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Other Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |