On 13 November the Reserve Bank of Fiji in partnership with the Pacific Financial Inclusion Programme will host a consultation workshop to seek stakeholder’s participation in agreeing on Fiji’s National Financial Inclusion Strategic Plan (2016-2020). The proposed strategy is formulated to build on the achievements from the first national strategy (2010-2014) and the results from the demand side survey and other reports published over the years.
The opportunities for expanding financial inclusion in Fiji include:
1. Expanding account ownership among the unbanked;
2. Increasing the use of accounts among those who already have an account; and
3. Improve the quality of existing financial services targeted to the recently included and excluded.
This strategic plan will be achieved through a multi-stakeholder, integrated approach as has been established under the National Financial Inclusion Taskforce framework. Under this framework there is a need for the support and collaboration of national stakeholders from the public and private sectors, civil society groups, development partners and donor agencies in achieving a common goal of financial inclusion.
A workshop of AFI member institutions in LAC and industry participants focused on:
Helping attendees have a better understanding of developments in the digital financial services landscape, including digital payments, underlying technology risks management and the implications of various digital financial inclusion models.
Providing an overview of the role of digital payments with regards to Financial Inclusion efforts, while focusing on the changing payments landscape and new regulatory frameworks
Learning about policy initiatives implemented throughout Latin America and the Caribbean geared towards innovation and new technologies supporting digital financial services.