Fijian central bank upgrades RTGS

Suva, capital of Fiji
Fiji's capital city Suva

The Reserve Bank of Fiji launched its upgraded real-time gross settlement (RTGS) system on November 28.

The system will now facilitate wholesale payments between commercial bank customers.

This is the first of two phases in aid of the new Automated Transfer System, which will upgrade the Fijiclear system, introduced in 2007.

The central bank said the Automated Transfer System was its “largest single investment”, but does not appear to have released a figure for its spending. The second phase

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