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Fiji making a big push towards financial inclusion: AG

July 3, 2018 12:33 am

The removal of all EFTPOS fees from Debit and Credit cards was one of the initiatives that was announced in the 2018/2019 budget.

This comes as Fiji moves towards a cashless economy.

Minister for Economy Aiyaz Sayed-Khaiyum says the government is making a big push towards financial inclusion by making electronic transaction easier and more affordable for Fijians and businesses.

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He says the waiver of EFTPOS fees will ensure adequate consumer protection.

“For starters through discussions with all the commercial banks electronic transactions will no longer carry any fees as a one generated in 2014 at the point of sale.”

Meanwhile, Government will be paying 50% of the cost to purchase EFTPOS machines for small businesses as more shops need to have access to those machines.

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