2019

Financial education supports Garanga community to bring back life into its school canteen

Financial education supports Garanga community to bring back life into its school canteen

March 22, 2019

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Motivated to do something about the high cost of banking, a group of tertiary teachers and students of the Anglican Church of Melanesia’s Garanga Rural Training Centre (RTC) got together to start a savings club. Their inspiration for the savings club was born out of their learnings from an Australian Government funded – Pacific Financial Inclusion Programme (PFIP) financial education (FinEd) curriculum recently introduced at the school.

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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 9, 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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