More Fijians residing in remote and rural communities are set to gain improved access to banking services thanks to a newly established partnership between Fexco Fiji Pte Limited and BRED Bank (Fiji) Pte Limited. The collaboration aims to address the challenges faced by these communities, who often have to travel substantial distances to access essential banking services.
As part of the agreement, BRED Bank will begin the gradual installation of EFTPoS terminals at various Fexco Fiji outlets nationwide. This development will enable customers to withdraw funds directly from their BRED Bank accounts at the nearest Fexco location, effectively minimizing time and travel costs while enhancing financial convenience.
This initiative is expected to dramatically improve financial access for many Fijians, particularly those living in rural and maritime regions. Pierre Tastet, the Chief Executive Officer of BRED Bank Fiji, emphasized that this partnership reflects a commitment to prioritizing the needs of the people. He stated, “This initiative aligns with our goal of providing customers with seamless and accessible banking. Together, BRED Bank Fiji and Fexco Fiji are aligning energies to bridge communities and expand access to financial inclusion and literacy throughout Fiji.”
Christopher Wilby, CEO of Fexco Pacific, echoed this sentiment, highlighting the partnership’s role in providing an additional secure and convenient option for those needing access to their funds. He remarked, “It represents our shared goal of improving financial inclusion and making services affordable and convenient for all.”
Additionally, the collaboration will enable Fexco Fiji to facilitate direct transfers of remittance funds into BRED Bank accounts. This feature allows families receiving money from relatives abroad to access those funds more swiftly and securely.
Both organizations view this partnership as part of a long-term vision aimed at empowering Fijians by enhancing access to financial services and education. The positive implications of this collaboration are far-reaching, with the potential to uplift entire communities through improved financial literacy and resources.
This ambitious effort reflects a transformative shift in the financial landscape of Fiji, promising greater accessibility, convenience, and security for all residents as it aligns with the global movement toward enhanced financial inclusivity.
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