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Money transfers

Monika Singh
Saturday, May 20, 2017

USERS of Vodafone's M-PAiSA in Fiji would now be able to receive money sent by family and friends living in Australia directly to their mobile phones.

This has been made possible through Vodafone Fiji's partnership with TransferTo — a leading B2B cross border payments network — to provide international digital money transfer services.

Vodafone's head of e-commerce and corporate affairs Shailendra Prasad said each year more than $F500 million was received in inward remittances by Fijians and their partnership with TransferTo would provide an affordable and secure network to facilitate sending money to Fiji.

"As a brand, customers have always been our priority and it has always been our endeavour to launch services for their benefit," said Mr Prasad.

"We are certain that beneficiaries will use this convenient service to their advantage - they can receive money any time from the comfort of their homes. We are happy to be partnering with a reputable and trusted payments network provider like TransferTo that reckons with our belief of customer convenience and satisfaction.

"We guarantee that any money sent via TransferTo to M-PAiSA, users in Fiji will be received within minutes of it being processed," said Mr Prasad.

He said a text message would also be sent to the recipient confirming the receipt of the money in their M-PAiSA account.

According to the company, the service has been approved by the Reserve Bank of Fiji after being satisfied of the transaction security, reliability and compliance requirements for a cross border transaction.

A statement from Vodafone yesterday said the service was being launched in Australia and was expected to shortly expand into New Zealand, followed by the US and Canada.

It said people who received money via this medium did not need a bank account to use this service.

Mr Prasad said the money sent from overseas would be received in Fijian dollars directly into their M-PAiSA account on the mobile phone and the recipient would then be able to use the money received for payment services available through M-PAiSA such as water and electricity bill, purchase of prepaid power, payment of bank loans, top up their mobile phones or walk into any conveniently located M-PAiSA outlet around the country to cash out.

Eric Barbier, CEO of TransferTo, said they were delighted to be partnering with Vodafone M-PAiSA to provide their customers with a network to facilitate cross-border digital money transfer services to Fiji.

The introduction of this new service is a natural progression in the suite of value added services that M-PAiSA is able to provide to the Fijian customers. Vodafone Fiji have a network of reputable sending partners and an equally good network of local agents who are able to service the clients at both ends. They are confident this new service would be well received by the senders and receivers alike.








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