BPC Banking Technologies

BPNG buys national electronic payments switch

The contract signing is the first step toward implementing the Retail Electronic Payments System (REPS), an initiative launched by BPNG in late 2015 as the next phase in the development of the National Payment System (NPS) and its drive for Financial Inclusion in PNG.

REPS follows on from the successful implementation of the KATS inter-bank electronic payment system which has been fully operational since February 2015.