Press Release No 23 – Go Live of the National Payment System – Phase 2: Automated Clearing House
The Reserve Bank of Fiji (RBF) Governor, Ariff Ali, announced the go live of the new National Payment System’s (NPS) Automated Clearing House (ACH) today. The ACH is part of ongoing efforts to reform the payment system and marks an important milestone in modernising the way we do business in Fiji. This go live represents a culmination of the industry and the RBF’s collective efforts over the last three years to digitally transform Fiji’s payment system with the objective of increased efficiency to support the economy. To find out more, Please Click Here
What is the Central Securities Depository
The NPS Act (2021) and Regulations (2022) require the dematerialisation of Government and statutory corporation securities. These securities include debt and money market instruments issued by the Reserve Bank of Fiji (RBF), the Government and any other securities. To find out more, Please Click Here
Press Release No 23 – Launch of the Upgraded Real Time Gross Settlement System
The Reserve Bank of Fiji (RBF) Governor, Ariff Ali, launched a newly upgraded Real Time Gross Settlement (RTGS) System today, marking an important milestone in modernising Fiji’s Payment System. To find out more, Please Click Here
Press Release No 21 Reserve Bank of Fiji Announces a New Central Securities Depository
As part of the National Payment System (NPS) reform, the Reserve Bank of Fiji (RBF) will be implementing a new Central Securities Depository (CSD) in November 2022. This achievement is the culmination of months of consultation between the RBF and major stakeholders particularly issuers of securities and institutional investors who will be connecting to the new system. To find out more, Please Click Here
National Payment System Legislation Article 22 October 2022
The National Payment System Act and Regulations are now in effect. How does this affect you. To find out more, Please Click Here
Modernising Payments Article 15 October 2022
From cash, cards, mobile money and internet banking, Fijians have more ways to pay than ever before. In 2021, the Reserve Bank of Fiji (RBF) embarked on a reform to modernise Fiji’s National Payment System (NPS). This article provides an overview to this reform. To View the Article, Please Click Here
Press Release No 18 – Licensing Under the National Payment System ACT 2021
The National Payment System Act 2021 and the National Payment System Regulations are now in effect. To find out more, Please Click Here
Press Release No 17 – Reserve Bank of Fiji with Association of Banks in Fiji Update on the National Payment System Project
The Reserve Bank of Fiji (RBF) in partnership with the Association of Banks in Fiji (ABIF), has been working on the modernisation of the National Payment System over the last year. The reform of the payment system is aligned with the National Payment System Act 2021, which was passed by Parliament in February 2021 and came into effect on 30 September 2022. To View More, Please Click Here
Media Release – Fijians to Benefit from Reforms Making Banking Safer More Reliable and Efficient
Fijians stand to benefit from important regulatory changes that will make everyday bank transactions easier, helping boost financial inclusion while supporting financial stability and economic activity. To View More, Please Click Here
National Payment System Act 2021 (Act No. 4 of 2021)
To view the National Payment System Act. Please Click Here