PFIP updates

VNPF to study micro-pensions for Vanuatu’s informal sector

VNPF to study micro-pensions for Vanuatu’s informal sector

October 11, 2018

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Port Vila, Vanuatu – With its informal sector making up about 80% of the working population, Vanuatu is the latest Pacific Island Country that is looking into the introduction of pension products for ni-Vanuatu working in the informal sector. The United Nation’s Pacific Financial Inclusion Programme (PFIP) is partnering with the Vanuatu National Provident Fund...

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nbs Launches New Digital Banking Product

nbs Launches New Digital Banking Product

October 11, 2018

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Apia, Samoa – 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% 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...

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Pacific Telcos partner to bring greater financial access to Ni-Vanuatu

Pacific Telcos partner to bring greater financial access to Ni-Vanuatu

October 11, 2018

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Port Vila, Vanuatu – Yesterday Telecom Vanuatu Limited (TVL) announced the pilot of its new mobile money platform. Provisionally named ‘M-Vatu’, the service uses Vodafone Fiji’s mobile money platform M-PAiSA. Since Vodafone Fiji is owned by TVLs parent company ATH group, it allows TVL to learn from the expertise and lessons from their Fijian counterparts....

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Apia Insurance Company launches new funeral cover insurance

Apia Insurance Company launches new funeral cover insurance

October 11, 2018

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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...

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FijiCare Insurance Ltd wins 2018 RJS Innovation Award

FijiCare Insurance Ltd wins 2018 RJS Innovation Award

October 5, 2018

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Suva, Fiji – A Fijian owned insurance company has been recognized by the United Nation’s Pacific Financial Inclusion Programme (PFIP) for its outstanding contribution to financial inclusion in the Pacific. FijiCare was awarded the 2018 Reuben James Summerlin (RJS) Innovation Award on Wednesday night by the New Zealand High Commissioner to Fiji, His Excellency Jonathan...

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