Tuvalu reveals the first cash machines at the “Predous” party

The Small Pacific Island state in Tofalo revealed its first cash machines ever in a move praised by the Prime Minister.

Their batch is the first time that the 11,000 Jazeera residents have been able to electronic banking services.

Five machines and 30 sales stations are installed on Funafuti, the country’s main island, including at its airport.

“This step is not only an important but historical occasion as the bank moves to a completely new era.”

He said Tio according to The guardian.

“These machines do not come cheap. But with the support and massive design of the government, we were able to offer this service to our people.”

The ceremony was held at the National Bank’s headquarters in Tofalo in the village of Vaiaku on Funafuti. It was also attended by traditional leaders, members of parliament and business officials.

To date, Tuvaluans has been forced to visit a bodily bank to get money, and they form long waiting lists abroad as workers pull salaries on the day of payment.

The stores will also be able to process electronic payments for the first time.

The cash machines will initially only accept pre -payment cards. The bank plans to provide debit and credit cards that can be used internationally at a later time.

The President of the National Bank, Siose Penigala Teo, said that the transition to electronic banking services and payments will open the door for economic empowerment.

Tofalo is a group of nine small islands in the South Pacific that won independence from the United Kingdom in 1978.

Previously known as the Illis Islands, all of which are low, with no point on Tukfalo above 4.5 meters above sea level.

Local politicians made a campaign against ClimateThe pretext that it can see the islands mired from the high levels of sea surface.

In November, TEO presented a national statement in Cop29 Climate Conference In Azerbaijan, it warns of high sea levels as a result of the melting of the ice rivers one day that Tuvalo is completely immersed.