February 18, 2016
A Regional workshop on Core Agent Network Accelerators has been officially opened in Honiara today.
Representatives of participating banks and mobile network operators in the region converged for the workshop.
Deputy Governor of the Central Bank of Solomon Islands (CBSI) and Chair of the Pacific Island Regional Initiative (PIRI), Gane Simbe says regional financial institutions need all the support and lessons learnt from countries around the globe to help digital service providers solve the challenges they face.
Mr Simbe says digital financial service delivery channel is a promising alternative for financial inclusion.
He says this is because of its ability to reach more people using the latest digital communication technology to make good business investments for the digital financial service providers.
Meanwhile, Mr Simbe also shares Solomon Islands experience on financial inclusion plans and how the training fits into the National Financial Inclusion strategy for the next five years.
He says in the next five years, the mission of the National Financial Inclusion policy strategy is that 300,000 adults will be active users of formal and semi-formal financial services by 2020.
Mr Simbe says 90 percent of the total population will have the financial services access point one hour of ordinary travel from their home.
The PIRI Chair reminds participants that the success of Digital finance channels largely depends on the strength of the agency channel through customer transactions