Fiji National Payment System

About the Project

The Reserve Bank of Fiji (RBF) today announced a major milestone in Fiji’s financial landscape with the successful integration of mobile money wallets with bank accounts through the successful onboarding of Fiji’s Mobile Network Operators (MNOs) into FIJICLEAR the backbone of the National Payment System administered by the RBF to process and clear payments between commercial bank customers.

This integration allows customers to instantly transfer funds between their mobile wallets and bank accounts. It also enables direct transfers between customers of M-PAiSA and MyCash, an unprecedented development that enhances convenience and accessibility for all Fijians. This advancement follows the Go-Live of the Real-Time Gross Settlement System and Central Securities Depository in 2022 and the launch of the Automated Clearing House in 2023 marking another critical step in modernising Fiji’s payment infrastructure.

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Start and End Date

January
2021
-
October
2024

Geographical Focus

Fiji

Main Beneficiary

Government and Private Sector

Status

Complete

Budget ($)

Donors

N/a

Implementing Agency

IFC
National Central Bank

Contact Person

Andrea Ibba
Pacific E-commerce Coordinator

Policy Area

PA5. Electronic Payment Solutions

Strategic Output

5.2. Business-friendly digital payment solutions spearheaded by commercial banks and Mobile Network Operators are integrated in E-commerce ecosystem.

Measures

5.2.1 Improve interoperability between payment service providers at national level (e.g. between banks, between MNOs or between banks and MNOs) through payment system infrastructure and legal reforms

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