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Realities from the ground; Designing financial services around the ‘Wantok’ culture in the Highlands of Papua New Guinea

Realities from the ground; Designing financial services around the ‘Wantok’ culture in the Highlands of Papua New Guinea

January 15, 2019

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Up until 2017, only 10% of the population in the Highlands were using formal financial services. Westpac believes that understanding people, their culture, values, and the way things work for communities and linking those insights to the design of financial services can greatly improve the uptake and usage of those services. The ‘Choice Wantok’ savings account that Misa uses is a re-engineered bank account from Westpac to test new financial services that are tailored to the needs of lower income Highlanders.

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Governor of Central Bank of Samoa joins UN Task Force on Digital Financing of SDGs

Governor of Central Bank of Samoa joins UN Task Force on Digital Financing of SDGs

December 4, 2018

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Suva, Fiji – Central Bank of Samoa’s Governor, Maiava Atalina Emma Ainuu-Enari has been appointed as the Pacific Representative to the United Nations’ newly launched Task Force on Digital Financing of the Sustainable Development Goals (SDGs).  

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nbs Launches New Digital Banking Product

nbs Launches New Digital Banking Product

October 16, 2018

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Apia, Samoa – Accessibility and the belief that they cannot afford to save, have been two of Samoa’s biggest impediments to financial inclusion in Samoa. With only 39% of the population having any form of access to a financial service, a new product released today could be key to reducing Samoa’s “unbanked” population.

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VNPF to study micro-pensions for Vanuatu’s informal sector

VNPF to study micro-pensions for Vanuatu’s informal sector

October 16, 2018

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Port Vila, Vanuatu – With its informal sector making up about 80% of the working population, Vanuatu is the latest Pacific Island Country that is looking into the introduction of pension products for ni-Vanuatu working in the informal sector.

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