BSP and Fexco Fiji Forge Strategic Partnership for Direct-to-Bank Western Union Remittance Services.

BSP and Fexco Fiji have announced a ground-breaking strategic partnership that positions BSP as the leading innovator in Fiji’s remittance landscape. This collaboration enables recipients to receive funds directly into their BSP accounts from any Western Union app or agent worldwide, significantly enhancing the remittance experience for Fijians.

This partnership delivers more than convenience; it encourages rightful ownership of funds, promotes safety and security and cultivates a culture of savings. By facilitating direct-to-bank remittances, the partnership empowers recipients to manage their finances effectively and introduces them to a broader range of financial products and services.

BSP Relieving Country Head and Chief Financial Officer, Rajeshwar Singh has commended the Partnership as a key pillar in BSP’s mission to offer cost-effective, modern banking solutions that promote financial security and inclusion. “This collaboration reinforces BSP’s commitment to delivering financial services that are not only accessible to all Fijians but also designed to help build a more financially secure future,” he stated.  

For individuals working abroad, this service simplifies the remittance process—allowing them to send money directly into their beneficiaries’ BSP accounts. This eliminates the need for recipients to queue at agents to collect funds, offering them the flexibility to manage their finances with ease. They can now safely access their funds through BSP ATMs, EFTPoS merchants, fostering a secure and savings-focused mindset.

Feskatoa Kostatino, Fexco Fiji Country Manager said, “Fexco Fiji is thankful to BSP for this partnership; it serves as a platform for impactful synergies and innovation as we collaborate moving forward.  Our shared commitment to ensuring that every individual has access to efficient and reliable financial services has inspired us to reshaping the remittance landscape in Fiji”.  

This partnership between BSP and Fexco Fiji marks a significant advancement in remittance services and reflects a shared commitment to economic growth and financial inclusion in Fiji. By streamlining transactions and enhancing accessibility, BSP and Fexco Fiji are setting a new standard in remittance services and fostering a more secure and savings-oriented financial future for Fijians.