The NPC is comprised of senior executives from Bank of Papua New Guinea, financial institutions and the Government, chaired by BPNG Acting Governor, Elizabeth Genia.
BPNG in a statement said despite the improvement in clearance times to currently two days, following the launch of the Kina Automated Transfer System in 2013, cheques are still considered a higher risk for fraudulent use and cause longer processing times and inconvenience when dishonoured.