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FNPF, ANZ Partner to Continue Push Towards ‘Cashless Society’

Fiji’s envisioned journey to­wards a cashless society received a boost yesterday with the Fiji National Provident Fund partnering with ANZ to move away from cheque-based payments. Starting today, payments made
16 Mar 2018 12:45
FNPF, ANZ Partner to Continue Push Towards ‘Cashless Society’
Fiji National Provident Fund chief executive officer Jaoji Koroi signing the partnership with ANZ country head Saud Minam on March 15, 2018

Fiji’s envisioned journey to­wards a cashless society received a boost yesterday with the Fiji National Provident Fund partnering with ANZ to move away from cheque-based payments.

Starting today, payments made to all FNPF vendors will be done through technology called ANZ Transactive, which is an inter­net-based electronic platform that will greatly reduce reliance on cheques.

The initiative is also seen as an overture for the Fund to eventual­ly transition to electronic-based transactions for all its members, revealed newly-confirmed chief executive officer Jaoji Koroi.

“This is part of our strategy to go digital; digital meaning using information technology more in terms of providing services to our stakeholders,” Mr Koroi said.

“Instead of doing cheque pay­mentments now, we will automat­ically transfer the money to their (vendor’s) bank accounts.”

This, Mr Koroi believes, is a more efficient and transparent method of making payments.

ANZ Fiji Country Head, Saud Minam, before signing the part­nership in Suva, described the initiative as encouraging.

“I think one of the most ad­vanced features of this is that you can access this system any­where you want as long as you have a smart phone and Wi-Fi,” he said.

The two institutions also an­nounced a three-year renewal of the collaborative ‘MoneyMinded’ financial literacy programme at the event.

ANZ Regional Executive for the Pacific, Tessa Price, said: “We’re excited about this part­nership that helps to spread our programme across Fiji thanks to FNPF’s extensive staff and mem­ber network.

“This is ultimately about improving people’s lives, and we’re committed to investing in this important initiative.”

The implementation of the electronic-ticketing system on buses last July signalled a major push for Fiji towards a cashless society.

During the launch, Attor­ney-General and Minister for Economy Aiyaz Sayed-Khaiyum hinted at expanding the system to other modes of transportation.

Feedback: sheldon.chanel@fijisun.com.fj

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