This diagnostics report examines how effectively current regulations safeguard customer funds in mobile money schemes.

Using a functional, risk-based approach benchmarked against international best practices, the study finds that while basic protections exist, gaps remain in diversification, legal enforceability, and resolution planning. It outlines a sequenced reform pathway to strengthen legal and prudential safeguards, enhance supervisory readiness, and build more resilient and inclusive mobile money ecosystems across the Pacific.