What are the benefits to the Nation?
Any benefit to the customer, bank or the overall financial system, is a benefit to the economy. Reducing risk and improving efficiency would promote economic activity as well as facilitate trade and commerce. A modern payment system would also help financial sector development as it will facilitate new instruments and products. A modern risk free payment system increases investor confidence.
What will it cost to make a payment using FIJICLEAR?
There are substantial costs involved in the setup of the FIJICLEAR system including the acquisition of hardware, software, maintenance, support and personnel. However, the transaction charges of the banks will be competitive with other similar services. More information on charges can be obtained from your bank.