Press Releases

Central Banks Focus on the Unbanked

Central Banks Focus on the Unbanked

February 26, 2010

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Central banks have made a commitment to support each other in building more inclusive financial systems. This was agreed during a two day meeting of senior representatives of central banks from Vanuatu, Papua New Guinea, Solomon Islands, Samoa and Fiji facilitated by the Pacific Financial Inclusion Programme (PFIP) and Alliance of Financial Inclusion (AFI). The...

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Mobile Money gets Coverage in Vanuatu

Mobile Money gets Coverage in Vanuatu

February 25, 2010

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Mobile phones offer huge potential to change the way we send and save money. The provision of financial services, often referred to as “mobile money” has leapt on to the world stage in the past few years. In just three years since it was launched by Safari.com, over eight million Kenyans are transferring money and...

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Central Banks Gear up for Financial Inclusion

Central Banks Gear up for Financial Inclusion

February 24, 2010

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Central banks of the Pacific are becoming active in building more inclusive financial systems. Representatives of five Pacific central banks met today to discuss how to extend financial services to the unbanked, including how to oversee new technologies such as mobile phone banking while protecting clients. It is estimated that only 30% or less of...

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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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