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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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Natural disasters pushing insurers out of Pacific market

Natural disasters pushing insurers out of Pacific market

December 11, 2018

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It’s getting harder to get home insurance in Vanuatu after Australian insurer QBE wrote to some of its customers and declined to renew their policies. The company cited the high cost of earthquakes and cyclones as the reason for reviewing its strategy and applying what it calls “a more robust risk selection”. But with catastrophic...

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Samoa Bank head appointed UN Pacififc Rep

Samoa Bank head appointed UN Pacififc Rep

December 5, 2018

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Central Bank of Samoa’s Governor, Maiva Atalina Emma Ainuu-Enari, has been appointed as the Pacific representative to the United Nations’ newly launched taskforce on digital financing of the sustainable development goals. The taskforce comprises a select group of leaders and top experts from around the world. Together they will advance proposals that can help ensure...

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