Systems in place to help RBF oversight suspicious transactions occurring through mobile money wallet apps
MPAiSA expect to set a record of $5 billion worth of transactions through MPAiSA by their users

Systems in place to help RBF oversight suspicious transactions occurring through mobile money wallet apps

MPAiSA expect to set a record of $5 billion worth of transactions through MPAiSA by their users

By Mosese Raqio
Friday 03/11/2023
[Image: File]

With the large number of transactions that are occurring through mobile money wallet apps like the MPAiSA and Digicel MyCash, the Reserve Bank of Fiji has been overseeing and has systems in place in which they can monitor these transactions.

While speaking during the fijivillage Straight Talk with Vijay Narayan, Consumer Council of Fiji Manager Campaign, Information and Media Vinash Singh says that with this system in place, if there are any suspicious transactions, it is the responsibility of any money transactions service provider to flag it to the RBF.

Singh says the RBF will also raise alerts or investigate some transactions if they feel it is suspicious.

He says it is the responsibility of the service provider to give information to the enforcement bodies as they cannot go out and look for people who are scamming.

0% buffered00:00Current time00:00

Meanwhile, Vodafone Fiji Head of eCommerce and Digital Finance Services Shailendra Prasad says this year they expect to set a record of $5 billion worth of transactions through MPAiSA by their users compared to last year where they had $3.5 to $3.8 billion worth of transactions.

Prasad says looking at the inward remittances that the MPAiSA app brings into the country, the highest that they have reached was $47.8 million in the month of August this year.

He adds that if we look at the $1.1 billion that comes into the country as total remittances, they are now bringing in close to about 43 to 44 percent of the total remittances.

0% buffered00:00Current time00:00

FEATURE NEWS
FWRM report urges Govt to place greater emphasis on outreach regarding menopause
The Fiji Women’s Rights Movement urges the government to place greater emphasis on outreach regarding menopause, and the Ministry of Education, Mini...
13 hours ago
LATEST NEWS
Watch Daniel Fatiaki and Professor Narsey on fijivillage Straight Talk With Vijay Narayan
Chair of the Electoral Reform Commission and former Chief Justice, Daniel Fatiaki and Electoral Reform Commissioner and economist, Professor Wadan ...
9 hours ago

1 passenger and 3 Fiji Airways crew members injured due to severe turbulence
One passenger and three cabin crew members on Fiji Airways flight FJ910, travelling from Sydney to Nadi, sustained minor injuries after experiencing ...
9 hours ago

Breaking the silence : Addressing menopause and reproductive health in Fiji
The new research aims to highlight issues such as menopause, which have not been significantly discussed in open spaces. Fiji Women’s Rights ...
13 hours ago

Dr Nakarawa challenges legality of suspension and takes legal steps
Suspended Corrections Commissioner Dr Jalesi Nakarawa has instructed his legal counsel to address his concerns to the President, Ratu Naiqama ...
14 hours ago

Rosie Holidays invests $1.5M in getting Fiji’s first electric coaches
Fiji’s iconic tourism and hospitality company, The Rosie Travel Group, has purchased Fiji’s first-ever fleet of electric tourist ...
14 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Reverend Tugi on fijivillage Straight Talk With Vijay Narayan
Watch the General Secretary of Fiji Evangelical Fellowship, Reverend Simione Tugi on fijivillage Straight Talk With Vijay ...
35 days ago

fijivillage Straight Talk with Vijay Narayan and William Parkinson
Chairman of Communications Fiji Limited, parent company of FM96, LegendFM, VitiFM, Navtarang, Radio Sargam, fijivillage and PNGFM, William Parkinson ...
36 days ago

fijivillage Straight Talk with Vijay Narayan and Adi Tulia Nacola
The candid interview focuses on Nacola, coming from a chiefly family and being a daughter of a Minister who was ousted in the 1987 military coup, her ...
36 days ago

TOP