2 March, 2021, 7:15 pm
Participants at the Training of Trainers (ToT) RBF and PFIP Financial Literacy COVID-19 Economic Response workshop at the Reserve Bank of Fiji yesterday.
Picture: MONIKA SINGH
THERE is a need to encourage more Fijians to manage whatever limited funds they have, especially during this COVID-19 pandemic situation.
With this objective in mind, the Reserve Bank of Fiji and ANZ with support from the Pacific Financial Inclusion Programme, a training of trainers workshop kickstarted yesterday to train government and community influencers, who would be able to go back to their communities and educate their peers on the objective.
RBF chief manager financial system development, Poasa Werekoro said the recent coronavirus pandemic had taught many valuable lessons.
How COVID-19 is Helping Countries Transform into Cashless Societies
How COVID-19 is Helping Countries Transform into Cashless Societies
Cashless societies will be the future. With COVID-19 increasing the use of digital payment services among consumers, service providers must leverage this momentum to retain users and transition them into the new “cashless” normal.
While COVID-19 helped increase digital payment adoption, 2021 will be the critical year to retain these users by demonstrating the convenience of digital payment solutions.
The world paused in 2020. What started as a localized outbreak in Wuhan grew into a global health crisis. In a blink of the eye, COVID-19 became a pandemic. In an attempt to stop the pandemic from claiming more lives, governments in different countries issued restrictions on people’s movement. By April 2020, over half of the world’s population was under mandatory lockdowns imposed by more than 90 governments worldwide. As of November 2020, th
Voice of the Industry
How countries transform into cashless societies in the aftermath of the COVID-19 crisis Tuesday 22 December 2020 11:05 CET | Editor: Raluca Constantinescu | Voice of the industry
Siska Melinda, Associate at
Frost & Sullivan, shares insights on how COVID-19 streamlined digital payment adoption in Asia–Pacific in 2020, transforming countries into cashless societies
While COVID-19 helped increase digital payment adoption, 2021 will be the critical year to retain these users by demonstrating the convenience of digital payment solutions.
Despite many companies going digital and shifting their business activities online, the COVID-19 pandemic has inevitably left a dent in economies. In October 2020 the International Monetary Fund (IMF) estimated that the Asia–Pacific region’s economy would contract by 2.2% in 2020. Through this ordeal, the role of local governments has become increasingly crucial. Economists called out the importance of increasing