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Pacific-ASEAN Financial Innovation Challenge Officially Launched

Pacific-ASEAN Financial Innovation Challenge Officially Launched

March 16, 2019

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The Pacific-ASEAN Financial Innovation Challenge, a platform for innovators from the Pacific Islands, Australia, New Zealand, Malaysia and Singapore who have existing, or ready to deploy, financial or technology solutions was launched at the Reserve Bank of Vanuatu (RBV) yesterday morning. RBV Governor Simeon Athy, welcomed partners, donor partners and guests to the official ceremony...

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Financial Literacy Programme to reach more i-Kiribati and new financial services in the pipeline

Financial Literacy Programme to reach more i-Kiribati and new financial services in the pipeline

February 28, 2019

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MoneyMinded, ANZ Bank’s financial literacy programme is set to be expanded to 10,000 i-Kiribati living in rural islands thanks to a new partnership announced today.   Through New Zealand Government funding and technical assistance from the Pacific Financial Inclusion Programme (PFIP), ANZ will be able to expand the reach of the program beyond the two...

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Mobile banking applications becoming popular

Mobile banking applications becoming popular

February 22, 2019

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Twenty years ago European banks offered the world’s first mobile banking services to their customers called SMS banking, which gradually revolutionized banking services as smart phones came onto the market. The arrival of Irish-owned telecommunications company Digicel in the Pacific Islands in 2006 – and its offering of mobile phone-based banking applications, in partnership with...

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Financial education to be included in Tvet schools

Financial education to be included in Tvet schools

January 22, 2019

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PACIFIC Financial Inclusion Programme (PFIP) is working with technical vocational educational training (TVET) institutions to have financial education included in their curriculum. PFIP specialist Jagdeep Dahiya said it was determined to ensure people were financially literate to improve their economic lives. “We have different TVET institutions to embed financial education as part of their curriculum,”...

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Biometrics opens up banking via fingerprint in PNG

Biometrics opens up banking via fingerprint in PNG

January 22, 2019

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People in Papua New Guinea can now make bank transactions using their fingerprints following the development of a biometrics system. Roadside market in rural Papua New Guinea. Photo: RNZI / Johnny Blades The new system aims to make financial services more accessible for rural communities, especially women. It was developed by the Women’s Microbank and...

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