The Reserve Bank of Fiji this afternoon launched the E-Money Fiji project which is money that can be transferred electronically from one person to another, one company to another, person to company or government to company via a mobile phone.
While launching this service, RBF Governor Sada Reddy said that mobile phones will be used as a means of transferring or receiving money.
Reddy said they have been working on the introduction of mobile money services since last year where a task force was set up to look at ways in which it can benefit the customers.
He added these services will benefit the rural people a lot.
Reddy is confident that this will also increase safety of handling and keeping large amounts of money as you can make any payment from the comfort of your home.
RBF launches E-Money project
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