Branchless BankingEU to contribute Euro 6 million for UNCDF/UNDP Financial Inclusion in PNG Highlands -
Port Moresby, Papua New Guinea, April 29, 2014 – European Union (EU) in PNG announced their contribution of Euro 6 million to UN Capital Development Fund (UNCDF) for financial inclusion programme in the Highlands Region.
Access to Financial Services is part of the Euro 22 million EU funded 10th EDF Rural Economic De...
Branchless BankingLowering the Cost of International Remittances -
PFIP supported the partnership between KlickEx and Digicel Mobile Money. This service combines KlickEx's electronic exchange system that operates as an auction that matches small buyers and sellers to exchange currency while Digicel provides the delivery of remittance directly to receivers e-wallets. PFIP's support wa...
Branchless BankingHelping Westpac Bank build an POS Agent Network -
PFIP is teaming up with Westpac Bank in the Pacific to introduce "InStore" banking, where clients can make withdraw and deposit money, pay bills, receive and make transfers through trained banking agents equipped with point of sale (POS) devices. Clients also have access to an account with no minimum fees or ba...
Branchless BankingSupport to Vodafone Fiji M-PAiSA -
PFIP provided funding to Vodafone Fiji enabling more than 300,000 customers to inexpensively make and receive payments through their mobile phones through the first mobile money system in the Pacific. M-PAiSA is modeled on Safaricom Kenya’s M-Pesa service, but built by Vodafone Fiji locally. Since...
Branchless BankingSupport to National Bank of Vanuatu -
In partnership with AusAID and the Asian Development Bank, PFIP worked with National Bank of Vanuatu to bring its rural branch network on-line through VSAT technology. Since 2009, NBV has increased active small holding accounts from 13,700 to 35,700 accounts. The assistance also allowed NBV introduce a multilin...
PFIP really looks like a hugely impressive programme set to make a disproportionate impact – MicroSave is honoured to be involved and hopefully contributing to it!
- Graham A.N.Wright - Programme Director, MicroSave