The National Financial Inclusion Strategy 2017-2020 (NFIS) sets out the overarching approach to drive financial inclusion in Samoa in the medium term. It is the outcome of a series of consultations with both the private and public sector culminating in the National Financial Inclusion Strategy workshop held in Apia in November 2015. The Central Bank of Samoa (CBS) hosted
the workshop with the support of the Pacific Financial Inclusion Programme (PFIP), and attendees included senior representatives from the private sector, financial service providers, development partners, mobile network operators, civil society and the Government.
Since 2010 CBS has been mandated to promote financial inclusion and financial literacy in Samoa, and this was reinforced in the CBS Act 2015. With the support of the Pacific Islands Regional Initiative (PIRI) of the Alliance for Financial Inclusion (AFI) and PFIP, CBS works to improve many facets of the financial system so that it is inclusive.
The Samoa National Financial Inclusion strategy is guided by the vision for an inclusive financial system: “A sound financial system that best serves all members of society in their pursuit of economic prosperity through a state in which all people, who can use them, have effective access and satisfactory usage of a full suite of financial services from a range of service providers”.