Bank South Pacific Fiji has launched BSP eDollar, Fiji\u2019s first bank-backed electronic wallet, giving customers a new way to manage, transfer and spend money through their mobile phones.<\/p>\n
BSP Acting Country Head Maikash Ali said eDollar brought the reach of Fiji\u2019s largest banking network directly to customers\u2019 mobile phones, giving them greater choice, control and convenience.<\/p>\n
Customers can create and manage up to five wallets through the app, each with its own unique account number and the option of domestic or international access.<\/p>\n
They can move funds between their BSP accounts and wallets, transfer money to other BSP customers and transact across participating banks and mobile wallets.<\/p>\n
Mr Ali said the significance of eDollar was the convenience it offered customers.<\/p>\n
Services that previously required a visit to a branch, time spent in a queue or a call to BSP\u2019s Customer Service Centre could increasingly be managed directly from a mobile device.<\/p>\n
\u201cThat is real, everyday banking convenience, putting greater control into the hands of our customers, wherever they are,\u201d Mr Ali said.<\/p>\n
A key feature is QR payments, allowing customers to generate a QR code for each e-wallet for instant transfers between individuals and payments at BSP QR merchant locations.<\/p>\n
Mr Ali said BSP was committed to ensuring no customer was left behind as banking became more digital.<\/p>\n
He urged customers to treat their eDollar wallets with the same care as their bank accounts and remain alert to unsolicited calls or messages requesting personal or account details.<\/p>\n
BSP Chief Information Officer Omid Saberi said eDollar took about one and a half to two years to develop and was designed to bring banking services to customers with greater convenience.<\/p>\n
He demonstrated how customers could access the wallet through existing BSP internet banking without needing separate credentials.<\/p>\n
Customers can create wallets for purposes such as online purchases, transfer funds from their bank accounts and use virtual Visa card details to make online payments.<\/p>\n
Mr Saberi said the feature could provide greater access to online purchasing for Fijians.<\/p>\n
Customers can also change their card verification value after purchases to improve security, he said.<\/p>\n
Meanwhile, Reserve Bank of Fiji Governor Ariff Ali said the launch was closely aligned with the Reserve Bank\u2019s payment system modernisation agenda, which aims to build a payment system that is safe, efficient, inclusive and resilient.<\/p>\n
Governor Ali said BSP eDollar incorporated Fiji\u2019s National QR Code Standard, making it interoperable with other participating payment service providers.<\/p>\n
He said internet banking usage had increased more than tenfold since 2015, while person-to-person digital transfers recorded 57 million transactions worth $2.9 billion last year.<\/p>\n
QR payments also increased by almost 700 per cent, from $86 million in 2021 to $672 million in 2025.<\/p>\n
Governor Ali said the launch demonstrated BSP\u2019s leadership and innovation and contributed to Fiji\u2019s broader digital economy and financial inclusion goals.<\/p>\n","protected":false},"excerpt":{"rendered":"Bank South Pacific Fiji has launched BSP eDollar, Fiji\u2019s first bank-backed electronic wallet, giving customers a new way…\n","protected":false},"author":2,"featured_media":1142287,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3159],"tags":[547,53,16,15],"class_list":["post-1142286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-mobile","tag-technology","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/117075204241473588","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1142286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1142286"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1142286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1142287"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1142286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1142286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1142286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}