The search for service providers to launch Fiji’s first peer-to-peer lending platform is set to commence in the new year. This development arises from the Access to Business Funding Act, which took effect this month and paves the way for innovative financial solutions in the nation.
As part of the next steps in early 2026, the Implementation Taskforce will release a Request for Proposals (RFP) aimed at identifying and supporting a qualified entity to create this pioneering peer-to-peer (P2P) lending platform. According to the Ministry of Finance and Business Development, proposals will be sought from software developers, fintech firms, financial service providers, and consortia to design and establish a user-friendly, secure, and scalable platform that operates under the new law. The initiative aims to enhance financing options available for micro, small, and medium enterprises (MSMEs) across the country.
An awareness workshop is slated for mid-January 2026, where potential proposal responders will gather to discuss platform features and details concerning the RFP.
The Access to Business Funding Act is the result of a partnership between the Fiji Government, the Reserve Bank of Fiji, and the Pacific Private Sector Development Initiative (PSDI) from the Asian Development Bank. It establishes a legal framework for three capital raising methods: the small offer regime, equity crowdfunding services, and the peer-to-peer lending service, which will operate through licensed intermediaries.
The implementation of the Act will take place in stages, overseen by the taskforce comprised of representatives from various institutions, including the Ministry, the Office of the Solicitor-General, the Reserve Bank of Fiji, the MSME Council, and PSDI. This multi-faceted approach hopes to foster a more inclusive financial landscape for Fiji, ultimately benefiting its local businesses and economy.
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