M-PAiSA Gain­ing Ground

It even al­lows you to pay for your air­line ticket .

Fiji Sun - - SUNBIZ - FREDERICA ELBOURNE Feed­back: com.fj frederica.elbourne@fi­jisun.

Voda­fone Fiji has recorded an 100 per cent in­crease in in­ter­na­tional money trans­fers since last month.

Head of e-Com­merce and Cor­po­rate Af­fairs Shailen­dra Prasad said mo­bile pay­ments via M-PAiSA was a busi­ness op­por­tu­nity that could no longer be ig­nored.

“From $2 mil­lion be­fore coro­n­avirus (COVID-19), send­ing and re­ceiv­ing money through M-PAiSA has grown to $4.5 mil­lion in April.

“This month, in­ter­na­tional money trans­fers via M-PAiSA is $7 mil­lion.”

Voda­fone Fiji recorded $30 mil­lion in M-PAiSA’s en­tire monthly trans­ac­tions fol­low­ing the global coro­n­avirus (COVID-19) pan­demic, Mr Prasad said. But M-PAiSA is more than just about re­mit­tances.

Fee-free

“M-PAiSA has en­abled peo­ple to pay for recharge, set­tling their util­ity bills, mak­ing lay-buy pur­chase pay­ments, cash­ing out your shop­ping, buy­ing your ready-made cup of cof­fee, and send­ing or re­ceiv­ing money from 94 coun­tries.”

Launched in Oc­to­ber last year, MPAiSA can be ac­cessed na­tion-wide with­out the use of in­ter­net, Mr Prasad said.

“Keep your data on, just so that it con­nects to the net­work - even if you are with­out data.

“That’s how it works.

“The ser­vice is free.”

Ev­ery Voda­fone user is, by de­fault, an M-PAiSA ac­count holder, who only has to ac­ti­vate the ac­count and cre­ate a pin code to ac­cess it, Mr Prasad said. “More peo­ple are mov­ing from phys­i­cal mar­kets to vir­tual mar­kets.” M-PAiSA helps the Gov­ern­ment keep track of all trans­ac­tions, Mr Prasad said.

The break­down

M-PAiSA, in­ter­na­tional award win­ning app, is used by 150,00 Fi­jians.

“Most ser­vices via M-PAiSA is free, with no main­te­nance fees.

“It’s se­cure, al­low­ing you to view your trans­ac­tion de­tails in real time, ev­ery time a trans­ac­tion takes place, with­out the need for a printed state­ment.”

M-PAiSA is ac­ces­si­ble at 550 out­lets na­tion­wide.

Mr Prasad said the 550 out­lets rep­re­sented 60 mer­chants.

“And more peo­ple are sign­ing up.

“In fact, it al­lows you to pay for your air­line ticket.

“When you pay through Visa or Mas­ter card, there is a three per cent sur­charge, which means you pay $30 for a $1000 ticket.

“With M-PAiSA, its ab­so­lutely free.” The app was built by two en­gi­neers within a year.

Dig­i­tal trade

Dig­i­tal econ­omy through dig­i­tal trade and vir­tual mar­ket is the new re­al­ity, Mr Prasad said.

“And Voda­fone is ready to play the game in the new arena.

“The fu­ture is in­deed ex­cit­ing.” M-PAiSA of­fers com­pet­i­tive rates where send­ing fees for money trans­fers range from 50 cents to $1. Mr Prasad said COVID-19 brought with it the de­vel­op­ment of cash­less econ­omy.

“Ev­ery­one needs money, but not cash. “The im­por­tance of cash is grad­u­ally wan­ing as the world moves to cash­less pay­ments and dig­i­tal trade in the con­nected world.”

Voda­fone Fiji’s Head of e-Com­merce and Cor­po­rate Af­fairs Shailen­dra Prasad on May 11, 2020.

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