FIJICLEAR enables the processing of payments to be done as and when they happen – hence the term “real time”. It is an electronic way of making payments within a country and getting immediate settlement of those payments.
In simple terms it means that instead of waiting for several days for funds to be available for use, the receiving party or beneficiary will have funds in their account within one business day or in some cases almost instantaneously. Similarly, the party making the payment is assured of safe and immediate delivery of those funds.