MiBank

Under the agreement, MiBank will develop a member onboarding software that will be used by MiBank agents and Nasfund officers to register citizens.

The Memorandum of Agreement (MOA) is for an initial two-year period and was signed by Nasfund Acting CEO Rajeev Sharma and MiBank CEO Tony Westaway.

Nasfund Acting CEO, Rajeev Sharma believes this partnership is exciting for the Fund, as it leverages MiBank's technology and track record to deliver quality service to Nasfund's Eda Supa members.

Kina continues to provide financial inclusion partnership with MiBank and the establishment of this Co-Branded Branch concept is a reflection that both Banks are looking to serve the market.

The Alotau branch will fully open to customers tomorrow, July 4.

Executive General Manager Banking and Country Head, Lesiel Taviri said without such commitment to expanding services, people will continue to be disadvantaged through a lack of branch banking services and limited choices to manage their finances.

Through USAID’s PNG Lukautim Graun Program (LGP) partnership and the micro bank, people living in rural and remote communities like Nasuapum are now receiving access to banking services. Such services have increased opportunities for improved sustainable and renewable livelihood activities and brings the people into the formal financial sector giving them access to a range of MiBank financial services.

Increased access to financial services such as micro and small loans to start businesses is expected to directly reduce pressure on biodiversity and forest habitats.

The initiative provides cashless payment systems to remote communities in Papua New Guinea.

EU STREIT PNG entered into a collaboration with MiBank to open saving accounts for engaged cocoa farmers in three remote villages in East Sepik Province.

It was a happy moment for the 40 women, 15 male youths, and 10 men. All were issued with MiCard cards instantly after opening their accounts.

Kathlyn Amos, 58, a mother of four children, was the first to open her account.

“It was very easy, and I was not asked many questions,” said Kathlyn.

The training was facilitated by Food & Agriculture Organization of the United Nations (FAO) as part of the STREIT project.

CellMoni and MiBank utilized the training opportunity to introduce digital financial services by conducting awareness and education about mobile wallets. 

Services such as loan repayments or Superannuation contribution through CellMoni were explained to add convenience into their daily financial life.

MSME owners had the opportunity to open their MiBank accounts and were trained on how to use CellMoni in their day-to-day transactions. They were also shown how to repay their loans, add to their Savings and contribute to their Eda Supa using CellMoni.

If you wish for our teams to visit your community, please contact us on cellmoni.support@digicelgroup.com or call our Customer Care team on 888.

CellMoni is a Digicel service that allows customers to receive, store and spend money using their mobile phone.

Digicel PNG believes in being Better Together, and now paying your bills conveniently via CellMoni has never been easier as you can do all this anytime, anywhere and even in the comfort of your home.

The services apply to all registered Digicel sim cardholders that have subscribed for the CellMoni service through their mobile devices.

When a customer wishes to acquire MiBank services for their financial transactions, they can follow these simple instructions, and you can pay your loan and save with MiBank conveniently using Cellmoni.

The Hibiscus Card is specifically for women only and is a way of promoting financial inclusion as reflected in PNG’s international financial inclusion obligations under the Maya Declaration.

According to MiBank, women are not proportionally represented in the customer base of the banking and financial services sector.

MiBank’s manager for digital financial services, Genevieve Daniels, said women make up to 80 percent of the purchasing decisions and up to 33 percent of private enterprise globally are owned by women.

The groups include Voice for Change in Jiwaka, along with KGWan Eco-Habitat Inc. and Independent Reform and Restoration Movement (IRRM) in Chimbu.

They will all become banking agents with MiBank, and expect to open accounts for more than 400 farmers.

IRRM Manager Toppy Sundu said in the past they never had bank accounts and had to hide their money or spend it.

"If we did have a bank account it took all day to travel to town to deposit or withdraw money. It would cost us money for PMV and was not safe," he said.