More Fijians residing in remote and rural areas will soon enjoy better access to banking services through a new partnership between Fexco Fiji Pte Limited and BRED Bank (Fiji) Pte Limited. This collaboration aims to alleviate the difficulties faced by individuals who often have to travel long distances for basic banking services.
As part of their plan, BRED Bank will gradually introduce EFTPoS terminals at various Fexco Fiji locations across the country. This new arrangement will enable customers to withdraw cash directly from their BRED Bank accounts at the nearest Fexco outlet, reducing travel expenses and maximizing convenience for families, especially those in underserved rural and maritime regions.
BRED Bank Fiji’s CEO, Pierre Tastet, emphasized the initiative’s commitment to addressing community needs, stating, “This collaboration is about putting people first. Together, we are aligning our efforts to improve financial inclusion and literacy throughout Fiji.” He underscored the importance of enhancing accessibility to banking services to uplift the financial landscape for all Fijians.
Christopher Wilby, CEO of Fexco Pacific, shared this perspective, highlighting that the partnership not only offers a secure method for accessing funds but also streamlines remittance transfers directly into BRED Bank accounts. This advancement allows families to receive money sent from relatives abroad more quickly and securely, significantly boosting their financial well-being.
This partnership marks a significant move toward narrowing the financial gap many Fijians face and aligns with similar recent efforts to enhance digital banking services in the country. Notably, BRED Bank’s collaboration with Fiji Revenue and Customs Services to facilitate real-time electronic tax payments is also part of a larger trend aimed at modernizing financial services in Fiji. These progressive steps reflect a positive trajectory in supporting financial inclusion and promoting economic stability within local communities.