Bank South Pacific (BSP) has announced that customers at its Fiji Branch can now receive Western Union remittances directly into their BSP accounts. This development comes as a result of a significant partnership between BSP and Fexco Fiji.
The collaboration is designed to provide customers with a diverse range of financial products and services while promoting the responsible management of funds, enhancing safety and security, and encouraging a culture of savings.
Rajeshwar Singh, BSP’s relieving country head and chief financial officer, emphasized that this partnership is a crucial element of BSP’s mission to deliver cost-effective and modern banking solutions that enhance financial security and inclusion. He stated, “This collaboration reinforces BSP’s commitment to delivering financial services that are not only accessible to all Fijians but are also aimed at building a more financially secure future.”
Singh highlighted that for individuals working overseas, this new service simplifies the remittance process by allowing them to send money directly into their beneficiaries’ BSP accounts. This innovation means recipients no longer need to wait in line at agents to collect funds, which offers them greater flexibility in managing their finances.
Recipients can easily access their funds through BSP ATMs and EFTPoS merchants, promoting a secure and savings-oriented approach.
Feskatoa Kostatino, country manager for Fexco Fiji, praised the partnership with BSP, noting that it sets the stage for innovative collaborations that can reshape the remittance landscape in Fiji. “Our shared commitment to ensuring that every individual has access to efficient and reliable financial services has inspired us to create impactful synergies,” Kostatino said.