People will now be able to transfer money from their ANZ accounts direct to their MPAiSA accounts after they partnered to launch the service.
Westpac, Bank of Baroda and HFC have also partnered with Vodafone’s MPAiSA services.
Previously people would have to physically line up at an MPAiSA outlet to top up their accounts.
Vodafone’s Chief Marketing Officer Rajnesh Prasad says this service is free of any fees.
Prasad says through ANZ’s internet banking or ANZ Pacific APP, people can use the Bill Pay Option, select Vodafone, enter MPAiSA mobile number and transfer amount.
He adds the amount will be credited within 15 minutes.
Prasad says MPAiSA has become a very critical digital financial platform.
He adds that every month they process 240 million MPAiSA transactions.
Reserve Bank of
Fiji Governor, Ariff Ali says the reason they support these types of
innovations is that it helps reduce costs and hopefully brings about
efficiency.
Ali says they
are also working with banks whereby people will be able to transfer money from
MPAiSA into their bank accounts.
He says he has
also challenged both Vodafone and Digicel to ensure that people can transfer from MPAiSA to
MyCash and vice versa.
Head of ANZ’s
Retail Banking Renuka Kumar says the partnership today is an important step
towards greater financial inclusion.
