The capability of dematerialisation and clearing and settling a wide range of transactions according to international standards will also enhance the business environment which will in turn attract foreign investment. The overall reform is aimed at making a positive holistic impact on Fiji’s payment ecosystem. As the national payment system develops, the experience for payment system participants is expected to improve.
Businesses are expected to see efficiencies in operations, including declining cash-handling costs and lower administration costs due to increased interoperability between payment system providers, leading to a decline in perceptions of payments as a barrier to doing business.