Implement person-to-person inter-island cross-border remittance. Multi-phase implementation with first phase proof of concept between Fiji and Vanuatu. Service will allow individuals to transfer funds from M-PAiSA mobile money wallet in Fiji to recipients in Vanuatu holding an M-Vatu mobile money account and vice versa. Service will be real-time, 100% digital and should reduce the cost of sending funds by half compared with existing methods.
Pacific Inter-Island Cross-Border Remittance
About the Project
Start and End Date
January
2023
-
April
2023
Geographical Focus
Fiji, Vanuatu
Main Beneficiary
Private Sector
Status
Complete
Budget ($)
365000
Donors
Australia
Policy Area
PA5. Electronic Payment Solutions
Strategic Output
5.1. Non-bank digital payment solutions for E-commerce are deployed across the Pacific.
Measures
5.1.4 Promote the use of fintech-based solutions for transferring remittances
