2018

Government to fund Samoan funeral insurance scheme

Government to fund Samoan funeral insurance scheme

October 13, 2018

SHARE:  



Samoa’s Apia Insurance Company (AIC) and Apia Finance Company are launching a funeral insurance solution, in cooperation with the New Zealand government and the Pacific Financial Inclusion Program (PFIP) of the UN Development Program. The funeral insurance scheme is open to Samoan citizens over the age of 18, and they will nominate two people to...

Read More

National Bank of Samoa launches New digital banking product

National Bank of Samoa launches New digital banking product

October 12, 2018

SHARE:  



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 per cent 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. EziBank, is the...

Read More

Apia insurance company launches Samoa’s first funeral cover insurance

Apia insurance company launches Samoa’s first funeral cover insurance

October 11, 2018

SHARE:  



Apia, Samoa – For most Samoans, funeral payments are one of the big expenses in life creating severe financial stress trying to meet traditional obligations that can cost families up to $50,000 WST. Cultural traditions regarding obligations and hospitality arrangements at funerals often mean bereaved families obtain expensive loans at short notice. Apia Insurance Company...

Read More

Apia Insurance says “leave a legacy” with funeral insurance

Apia Insurance says “leave a legacy” with funeral insurance

October 11, 2018

SHARE:  



Every day in Samoa, the often overwhelming cost of funerals is putting families into debt as they struggle to gather the required funds, turning to loans to make ends meet. But the Apia Insurance Company and Apia Finance Company have moved to provide a solution. Funeral insurance is the newest product launched by A.I.C and...

Read More

More Fijians use banking services on mobile phone

More Fijians use banking services on mobile phone

October 3, 2018

SHARE:  



SUVA, Oct. 3 (Xinhua) — Digital innovation for financial services in Fiji have now become an increasing trend for the younger generation, said Fiji’s Vodafone head of mCommerce and Corporate Affairs Shailendra Prasad on Wednesday. The Pacific Financial Inclusion Program (PFIP), which began in 2008, is all about how people in the Pacific region can...

Read More

FOR MORE INFORMATION

or media inquiries please contact:
Erica Lee
Communications Associate
Tel: +679 3227538
Email: erica.lee@undp.org
Website: http://www.pfip.org/