Financial analysts predict that within the next five years, digital transactions will account for the majority of payments in Fiji. While internet access and digital literacy remain challenges in some rural areas, investment in telecommunications and financial education programmes is expected to address these gaps. The move towards digital payments is strengthening Fiji’s financial sector and positioning the country as a leader in digital finance within the Pacific region.
Fiji’s transition to digital payments is bringing significant benefits to businesses and consumers, reducing reliance on cash and making transactions more efficient. The Reserve Bank of Fiji, in collaboration with the International Finance Corporation, is leading efforts to expand the use of electronic payment systems across the country.
The Deputy Prime Minister and Minister for Economy and Finance Prof. Biman Prasad said that adopting digital payment solutions would help modernise commerce and improve financial security. The shift is expected to reduce costs associated with cash handling while making financial transactions faster and more transparent.
Key developments include the growing use of mobile money platforms such as Vodafone’s M-PAiSA and Digicel’s MyCash, which enable transactions without requiring a traditional bank account. Government agencies have also introduced digital payment systems, allowing businesses and individuals to complete transactions electronically.
With more businesses now accepting card and QR payments, Fiji is making progress towards a fully digital economy. The government’s Digital Economy Strategy aims to expand internet connectivity, increase financial literacy, and support businesses in adopting digital payment solutions.
