Tuvalu unveils first cash machines in ‘momentous’ ceremony

Tuvalu of Tiny Pacific Island Nation unveiled the first cash machine with a momentary welcome movement.

Their installment was when 11,000 inhabitants of the island could first access electronic banks.

Five machines and 30 sales terminals have been installed in Funafuti, the main island of this country, including the airport.

Prime Minister Fetleti Teo said, “It is historical as not only expressing serious opportunities, but also as the bank moves to a completely new era.”

“We were in the analog space, and these were dreams for us,” TEO said. Guardian.

“These machines are not cheap. But with the government’s support and decisions we were able to launch this service for people.”

The event was held at the Tuvalu National Bank Headquarters in Vaiku Village in Funafuti. In addition, traditional leaders, lawmakers and business officials attended.

Until now, Tuvalu had to visit the bank to make money, and long queues had to be formed from the outside as workers withdrew their salary on their salary.

The store can also handle electronic payment for the first time.

But cash machines only allow prepaid cards at first. The bank plans to introduce a variety and credit card that can be used internationally later.

Siose Penitala Teo of National Bank said that the transition to electronic banks and payments will open the door to economic authority.

Tuvalu is a group of nine small islands in the South Pacific, independent of the United Kingdom in 1978.

Previously, everyone known as Ellice Islands was low, and Tuvalu could not be higher than 4.5m above sea level.

Local politicians held a campaign Climate changeIt claimed that the island can see the swamp due to the rising sea level.

In November, TEO issued a national statement in THE COP29 Climate Meeting Azerbaijan warns that the sea level rise will be completely flooded by sea level as a result of melting glaciers.