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FDB loans transact MyCash

“We have developed that network of merchants, including supermarkets, pharmacies, hardware stores, restaurants like one would do with an EFTPOS card.”
02 Dec 2021 10:20
FDB loans transact MyCash
Fiji Development Bank chief executive officer Saud Minam (left), and Digicel Fiji chief executive officer Farid Mohammed after sealing the agreement on December 1, 2021. Photo: Fiji Development Bank

Fiji Development Bank (FDB) customers can now receive and repay their loans thanks to Digicel Fiji’s mobile wallet, MyCash.

This was after the two organisations signed an agreement allowing more ease of service for FDB customers who can make the transactions without having to leave their homes or farms.

FDB chief executive officer Saud Minam said having come from a commercial background, ‘banking the unbanked’ was always important.

 

And with Digicel onboard, the services will further reach customers in the many rural parts of the country, he said.

“FDB customers can make loan payments by scanning QR code at any FDB branches Fiji wide and through short code *888# USSD dial-in service,” Mr Minam said.

“This brings about convenience on both parties, the customer and the FDB.

 

“Apart from receiving loan repayments, this partnership will also allow FDB to disburse loan funds of up to $5000 to its customers.”

Digicel chief executive officer Farid Mohammed said: “If an FDB customers receives their loan on their mobile wallet they do not have to go to an agent or to the bank before they can actually use it.

“We have developed that network of merchants, including supermarkets, pharmacies, hardware stores, restaurants like one would do with an EFTPOS card.”

 

Other Announcements By Mr Minam:
– Customers in all branches in Viti Levu can have access to the bank’s free wi-fi. This service will be rolled out in the bank’s offices in the Northern Division in due course.

– The library at the FDB headquarters will be digitised.

– Last week, FDB launched its Rice Mobility Package in partnership with Fiji Rice Limited.

It allows new and existing rice farmers to access loans.

For instance, a customer/rice farmer, who wants to borrow money of up to $10,000 without any security, he said.

Details are on FDB website.

 

Feedback: ranobab@fijisun.com.fj



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