Press Releases

The Reserve Bank of Fiji (RBF) is supportive of local e-commerce providers and plays its part well in the drive for MSME access to cashless payment options, but some policies and guidelines may be in need of review as the market develops and the business environment continues to grow and change.

This was the opinion expressed by Sole Fintech chief executive officer Mereia Volavola during a public private dialogue webinar focused on challenges faced by MSMEs yesterday

A locally-made financial app considered by some to be one of the most exciting recent projects to come out of Fiji, the company behind the Sole Fintech app has plans to expand to other Pacific nations once they move into full operations.

The app and its many features are currently nearing the end of their testing phase and have not hit any major issues, pointing to a successful launch.

The financial management systems in the country are archaic and the launch of Sole Fiji could be a major game changer. While speaking during the third Tavioka Talk Symposium, chair and founder of Software Factory Semi Tukana, said the financial management system would help the farmers, SMEs, or any individual. “Sole Fiji is a proposed new company that we hope to register next month on February 21, it’s a company and it will be powered by a system behind it which is called Cloudsaver Social which is a social financial networking platform,” he said.