The Consumer Council of Fiji has applauded the move by ANZ Bank to remove minimum spend amount restrictions on ANZ EFTPOS machines by next month.
This means consumers can use their Local Debit Access Cards on ANZ EFTPOS machines to purchase goods of any value.
Council CEO, Seema Shandil says the Council welcomes this newest initiative by ANZ as this will assist consumers to make the transition to a cashless economy.
Shandil says this is particularly good news for lower income earners who may have less than $10 on their Local Debit Access Cards but still need to purchase items with that balance.
She says the minimum spend amount requirements were set by merchants and this removal by ANZ showed a willingness to make their services more consumer friendly.
Shandil says the Council also understands that this applies to all consumers who use ANZ EFTPOS machines regardless of whether they use cards from BSP, Westpac, HFC of Bred Bank.
She says consumers should be aware that this only applies to Local Debit Access Cards and not to Visa Debit Cards.
Shandil says other banks should also consider removing the minimum spend amount restrictions on their EFTPOS machines.
Stay tuned for the latest news on our radio stations