Tuvalu introduces first-ever ATMs for 11,000 citizens

Tuvalu, one of the world's most remote and smallest nations, has installed its first-ever ATMs, marking a significant leap toward financial modernization for its 11,000-12,000 citizens. Previously, Tuvaluans relied entirely on cash transactions and faced long bank queues due to limited banking hours, making financial access challenging. The historic launch ceremony in Funafuti, attended by Prime Minister Feleti Teo and other dignitaries, celebrated the transition to electronic banking, with five ATMs and 30 point-of-sale terminals now being rolled out. Initially supporting prepaid cards, the system will soon expand to include debit and credit card services, and online banking will be offered free during early adoption. The project, costing over A$3 million, is expected to boost economic empowerment and financial inclusion in Tuvalu. This development also aligns with broader efforts to adapt to global changes and preserve national identity amid climate challenges.