The shift towards cashless payments in Fiji is experiencing a significant acceleration, as highlighted by the Reserve Bank of Fiji’s 2025 annual report. The report indicates that person-to-person (P2P) digital transfers have surged from $1.8 billion in June last year to an impressive $2.4 billion this June. This $600 million increase, representing a jump of over one-third, marks a solid trend towards the adoption of digital wallets, largely driven by robust inward remittances and the broader acceptance of mobile payment systems across the country.
E-money in circulation has also seen substantial growth, rising to $118.5 million by June 2025, up from $94.8 million a year prior, with an average of $108 million circulating monthly. Interestingly, although the total number of registered e-money users decreased by 7.4% to 875,644, the number of active users increased by 6% to 694,938. This trend suggests that while the overall user base has shrunk, there is a growing number of engaged and frequent users who are leveraging these digital payment platforms.
International remittances deposited directly into digital and mobile wallets demonstrated remarkable growth, climbing by 25.6% to $692.5 million, with significant contributions from countries such as Australia, the United States, New Zealand, and the United Kingdom.
Payment service providers have also reported exceedingly higher transaction volumes, with total transactions soaring by 84.9% to $990.5 million, more than half of which—55.1%—were processed through QR codes. This indicates a growing familiarity and ease of use for digital payment methods among users.
On the other hand, the Government-regulated e-Transport system saw a downturn, with total transactions falling by 25.9% to $261.3 million over the year. Despite this setback in one sector, the overall enthusiasm and engagement in cashless transactions remain strong, reflecting a promising trend towards a more digitized economy in Fiji. The advancements in payment technology and user engagement highlight a progressive move towards seamless financial transactions, fostering positive economic growth within the region.
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