Rotuma hosts successful Financial Inclusion Expo, opening over 160 new accounts

Rotuma, a remote island community, has seen a significant boost in financial engagement following its inaugural Financial Inclusion Maritime Expo. The two-day event, organized by the Reserve Bank of Fiji and its partners, successfully opened more than 160 new financial accounts, bringing essential banking, insurance, and investment services directly to residents.

Attended by approximately 600 people, nearly 40% of Rotuma's population, the expo offered direct access to service providers and personalized financial advice. Beyond individual accounts, the initiative provided crucial business support to around 80 micro, small, and medium entrepreneurs, fostering connections for ongoing guidance and development.

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The expo gave residents an opportunity to access financial services, business support and new ideas.

A key focus was enhancing financial literacy, with 46 participants completing ANZ's MoneyMinded program to improve money management skills. The event also spurred innovation through Rotuma's first Hackathon, where 24 participants developed technology-based solutions for local challenges. Rotuma Council Chairman Gagaj Manav highlighted the expo's role in providing access to services and new ideas, while Reserve Bank of Fiji Chief Manager Caroline Waqabaca emphasized the importance of community involvement for effective financial inclusion initiatives.

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Community involvement was important in making financial inclusion initiatives effective.