To build open, equal access, payments and financial services infrastructure across the Pacific.
March 28, 2023
Developed in partnership with the Australian Government, ygap and Fintech Pacific, the technology puts women-led MSMEs at the forefront of Fiji’s digital transformation
Mastercard and the Department of Foreign Affairs and Trade’s Business Partnerships Platform (BPP), Fintech Pacific and international development organisation, ygap, are working together to develop and deliver an easy to use, accessible payment acceptance platform for women-led small businesses in Fiji.
The partnership will pilot a digital payment acceptance and saving solution for 400 women-led micro and small businesses in Fiji, and conduct the training required to facilitate adoption. The solution is being built from the ground up, tailored to the specific needs of these businesses.
The new app – Dua – is designed to meet the needs of women-led small businesses in Fiji.
It offers business owners an easily accessible, convenient, simple and secure way to accept these payments.
Launched by Mastercard, ygap, an international development organisation, and Fintech Pacific in partnership with the Australian Government’s Business Partnerships Platform (BPP), a pilot is now live, with several women-led businesses on board as part of the initial phase.
This new initiative is expected to provide a further boost to Fiji’s economic recovery post-COVID-19.
“The new payment solution addresses socio-economic and cultural barriers, creates more opportunity, and increases financial inclusion, sustainability and independence.”
– Ruth Riviere, Mastercard country manager, New Zealand
“This initiative would not have been possible without Australia’s Business Partnerships Platform, which created the opportunity for Mastercard, ygap and Fintech Pacific to combine their unique skills and capabilities to create an enduring solution for a problem, that in the past, seemed very difficult to solve. The project shows the benefits of collaboration between government, industry, and the NGO sector to bring about sustainable and impactful change,” Ms Riviere said.
Participating businesses will receive training to facilitate easy use of the new technology, including a step-by-step guide on accepting digital payments.
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We aim to build open, equal access, payments and financial services infrastructure across the Pacific.