Fiji steps towards cashless society

Source: Xinhua| 2018-08-30 19:46:00|Editor: Xiang Bo
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SUVA, Aug. 30 (Xinhua) -- The Fijian government is making more moves towards a cashless society.

Fiji's Education Minister Aiyaz Sayed-Khaiyum signed on Thursday a Transactive Banking Agreement with Australia and New Zealand (ANZ) Bank in order to move towards a cashless economy.

The Fijian Education Ministry had to issue around 18 cheques daily to teachers for their allowances, he said, adding that all payments, money transfers and other financial responsibilities will now be conducted through the e-banking service called ANZ Transactive.

The Education Ministry can also obtain account balances and transaction reports at the click of a button.

Fijian Prime Minister Voreqe Bainimarama, who is the president of COP 23 (the 23rd Conference of the Parties to the United Nations Framework Convention on Climate Change), said earlier he was determined to reduce carbon emissions in Fiji by using less paper.

Since last December, all payments made by the Fijian government departments have been switched to be done electronically without issuing cheques, adding to Fiji's change of becoming a cashless society.

Head of the Australia and New Zealand (ANZ) Bank in Fiji Saud Minam said recently that the Fijian people were adapting well to the switch of using electronic platforms, and businesses were also conforming to limiting the use of paper.