BSP Financial Group Limited (BSP)

Despite the BSP Mobile Banking *131# school fee payment platform being available for all to use,  BSP branches continue to see influx in the number of people lining up in queues  across the country.

For example, in Mt Hagen, due to schools’ insistent on paper receipt and their reluctance to accept e-receipts for school fees paid via the Mobile Banking *131# School Fee payment option, parents and guardians are forced to queue up at the branches.    

This is in response to a Formal Warning that was issued to BSP by the Financial Analysis and Supervision Unit (FASU) on 12^th July, 2021. The formal warning was issued after an onsite review conducted on 23^rd  October, 2019. 

FASU identified that BSP had failed to comply with the Anti-Money Laundering and Counter Terrorism Financing Act 2015 (AML/CTF Act 2015) and BSP’s own AML/CTF Policy.

At the launch recently, Air Niugini’s Chief Executive, Officer Bruce Alabaster said convenience and security have revolutionised the way people choose to travel.

“As the national airline of PNG, it is paramount to ensure our services are benchmarked by global standards and safety. We integrate the appropriate technology for the ease of doing business and provide a seamless customer experience from planning travel to ensuring we reach our destinations.

The Men of Honour Campaign is in its sixth season and with the Awards scheduled for 10^th December, 2021.

In a statement, BSP stated that it is pleased to support a campaign that highlights men coming together to influence positive changes in their communities.

Banking is an essential part of nation building and BSP is proud to be at the heart of it all, encouraging people to participate in economic development through our SME products, while providing convenience and safe banking products and services to customers nationwide. 

BSP Group Chief Executive Officer, Robin Fleming said BSP recognises the country’s 46 years of Independence and the bank has contributed in so many ways, “with continuous improvement to our services to all areas of the country, from towns out to the rural areas.”