IN a bid to extend the provision of critical banking services to rural areas, the Bank South Pacific and Post Fiji today signed a Memorandum of Understanding to renew this service.
According to BSP country manager Kevin McCarthy, the bank has reaffirmed this collaboration through a three-year agreement with Post Fiji, an initiative which dates back many years.
Under this partnership, BSP customers can now enter any of the 42 postal agencies and:
– make deposits;
– make withdrawal of up to $500 a day;
– reset their Debit Card PINs;
– get their BSP Debit card replaced; and
– using BSP EFTPoS customers can check their account balances.
To sustain this banking set up, BSP has provided a working advance (cash float) in the sum of $1m to Post Fiji.
Post Fiji chairperson Lawrence Tikaram has welcomed this continued collaboration saying that this partnership had grown from strength to strength.
Postal agencies to provide banking services in rural areas
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