Postal agencies to provide banking services in rural areas

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.