Press Releases

Mobile Phone Banking to take off in Samoa

Mobile Phone Banking to take off in Samoa

January 22, 2010

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Commercial banks, microfinance institutions, telecos, civil society organizations, government officials and donor agencies in Samoa now have a better idea of what mobile banking can offer to the island nation. This was made possible through an information exchange focusing on mobile phone banking and remittances that was organized by the Pacific Financial Inclusion Programme (PFIP)...

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Building A Mobile Money Network in Papua New Guinea

Building A Mobile Money Network in Papua New Guinea

November 19, 2009

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How can a coffee grower in the Highlands of Papua New Guinea get payment for his produce without having to cross great distances to go to the bank? Can women travel more safely if they don’t have to carry cash? Could parents save for school fees using their mobile phones? How can the government and...

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National Bank of Vanuatu and Pacific Financial Inclusion Programme Announce Partnership to Improve Rural Banking Services

National Bank of Vanuatu and Pacific Financial Inclusion Programme Announce Partnership to Improve Rural Banking Services

August 10, 2009

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National Bank of Vanuatu (NBV) and the Pacific Financial Inclusion Program (PFIP) today announced a strategic partnership that will make banking services more accessible and relevant to the people of rural Vanuatu. Over the next three years, NBV’s aim for rural banking and microfinance is to extend its e-banking network to an additional 5 provincial...

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Working Together with Microfinance for the Benefit of the Poor

Working Together with Microfinance for the Benefit of the Poor

July 18, 2009

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Sharing experience, knowledge and technical expertise in the area of microfinance across the Pacific will benefit the region as a whole. Success stories from microfinance initiatives in Pacific Island countries can be effectively implemented in other parts of the region. This was the message from Benny Popoitai, the Deputy Governor Regulation of the Bank of...

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Exploring the Potential of Microinsurance in the Pacific

Exploring the Potential of Microinsurance in the Pacific

July 16, 2009

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Poor people can rapidly slide further into poverty after an unexpected event like the death of a breadwinner, a flood that destroys the farm or a drought that kills the livestock. Microinsurance, which is insurance designed for the poor, can help prevent these families from sliding further into poverty. Different elements of microinsurance and how...

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