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ATM transactions have doubled in the last decade while usage of cheques fell by 57%
ATM transactions have doubled in the last decade while usage of cheques fell by 57%
[Image: File Photo]
The volume of ATM transactions in Fiji doubled from 12.6 million transactions in 2010 to 23.2 million at the end of 2019.
This is according to the Reserve Bank of Fiji’s presentation to the Parliamentary Standing Committee on Justice, Law and Human Rights on the National Payment Systems Bill 2020.
RBF’s Governor, Ariff Ali says EFTPOS transactions have tripled since 2010, from 1.8 million transactions to 5.4 million at the end of 2019.
In the last 5 years, the usage of internet banking transactions grew by 109%.