Fiji - How to Surrender Gold and Foreign Currency

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Procedure

Apply In-Person:

1. To Apply for a Licence to Provide a Payment Service or Operate a Payment System, the applicant must visit the Reserve Bank of Fiji contact link
2. Application form for this procedure is available in the following form link
3. The application form must be downloaded, print, and fill it up with all the necessary information in it.
4. The applicant must carry both photocopies and originals of all the documents that are mentioned under the “Required Documents” section of this page.
5. The documents must be attached with the application form and has to be submitted at the office.
6. The fee for this procedure has to be paid along with the submission of application form as per the authority’s request.
7. Once the process is done, the concerned authority will mention about the processing time for getting the licence.
8. Once the licence is processed, the applicant will get a notification via SMS or E-mail regarding the availability of the licence.
9. The applicant can visit the office to get their licence during the mentioned time and collect their licence.
10. If there is no information or notification provided by the authorities, the applicant can visit the office to know the status of their application.

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Required Documents

• Certificate of Incorporation
• Memorandum and Articles of Association
• Business Plan including the approx. Budget for the first 3 financial years
• Evidence that the payment service provider and operator each holds the initial capital as determined by the Reserve Bank of Fiji
• Terms and Conditions that will apply to the customers, agents, and cash merchants
• A Current Tax Compliance Certificate
• Current credit rating report from a credit reference bureau
• A Letter of No Objection from the home regulatory authority

For a Payment Service Provider:

• Certified copy of a current licence from the relevant authority in Fiji
• In case of an e-money issuer, a certified copy of the management agreement where a custodial trust relationship exists with the payment service provider

Office Locations & Contacts

Reserve Bank Bldg,
Pratt St, Suva, Fiji
Postal Address: Private Mail Bag, Suva, Fiji
Phone:(679) 331 3611
Fax: (679) 330 2094
Email Address: [email protected]
Contact link
Website link

Eligibility

• Any businesses that are willing to provide a payment service or operate a payment system in Fiji are eligible for this procedure.

Fees

• The Fee for this procedure has to be paid as per the concerned authorities’ request.

Validity

• The Licence to Provide a Payment Service or Operate a Payment System is valid for the period mentioned in it.

Documents to Use

• Application Form is available in the following form link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The processing time for this procedure will be mentioned by the concerned authorities.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.

Required Information

• Licence applied for,
• Payment System Operator
• Payment Service Provider
• Name of the Applicant
• Applicant’s Contact
• Mailing Address
• Phone Contact
• Name of Contact Person
• Designation
• Entity (if not the applicant)
• Contact Number
• E-mail
• Other Information about the Applicant
• Referees
• Declaration

Need for the Document

• The Licence to Provide a Payment Service or Operate a Payment System has to be obtained by any businesses that are willing to provide a payment service or operate a payment system of people in Fiji.

Information which might help

• Any system used to settle financial transactions through the transfer of monetary value is referred to as a payment system. This encompasses the organisations, tools, people, guidelines, practises, standards, and technological advancements that facilitate its interchange.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• Reserve Bank of Fiji link

Others

More information which might help people.