The government of Fiji, through its Department of Social Welfare, is promoting financial inclusion through implementation of an electronic government-to-person (G2P) payment program, which includes access to no-fee bank accounts to previously unbanked recipients. Other goals of the effort are to reduce the labor required to manually process vouchers, as well as to reduce fraud. The new system is based on using magnetic-strip cards for payment. Since implementing the new system, 81 percent of recipients have been enrolled in electronic payment delivery [1].
By Natalie Baer, Research Associate
Sources and Additional Resources
[1] State’s role in developing a financial inclusive eco-system http://www.fijitimes.com/story.aspx?id=193959
MicroCapital story, February 6, 2012, “MICROCAPITAL BRIEF: Australia Funds Financial Education Curriculum Development Project (FinED) to Serve Fiji’s Primary and Secondary Schools” https://www.microcapital.org/microcapital-brief-australia-funds-financial-education-curriculum-development-project-fined-to-serve-fijis-primary-and-secondary-schools/
MicroCapital story, June 30, 2011, “MICROCAPITAL BRIEF: Westpac Banking of Australia Implements Government-to-Person (G2P) Payment System Providing Electronic Cash Transfers in Fiji” https://www.microcapital.org/microcapital-brief-westpac-banking-of-australia-implements-government-to-person-g2p-payment-system-providing-electronic-cash-transfers-in-fiji/
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