BSP

GoFood App key features

You can either place your order on the App and when the order is delivered to your doorstep, you can make payment via eftpos or you can pay through BSP Pay, a tab that BSP has done with GoFood (PNG) Ltd.

Anurag Borkar of GoFood Ltd said they will soon be launching the BSP Internet Payment Gateway (BSP IPG) which will allow all master and visa card holders to pay directly through the app.

BSP opens Palmalmal branch

BSP Financial Group Limited established the sub branch in Palmalmal in 2012 to service an estimated 100,000 people (then) in the Pomio District who would otherwise have to travel to Kokopo and Rabaul by air or sea to access banking services.  

BSP Group General Manager for Retail Daniel Faunt said the sub branch provide only a limited service due primarily to unreliable telecommunication infrastructure.   

Businesses confident in investing in PNG

BSP Group General Manager Corporate Bank, Peter Beswick said ,“Announcements by investors in Papua New Guinea and the South Pacific has demonstrated a strong international investment intentions that will lift economic activities for PNG and the South Pacific in  2022.”

Beswick said, “The mining companies continue to be an attractive investment destination. Growth in mining industry is estimated to be 5.4%, which reflects the expected recommencement of the Porgera and improvements in OK Tedi production and Wafi-Golpu this year, 2022.”

NCDC Offers Mobile Digital Payments

As part of Port Moresby’s modernisation and transformation strategy, NCDC city management endeavours to optimize revenue collection and therefore ensuring, service users have the opportunity to pay their bills on time with the introduction of mobile digital payments.

BSP To Expand Arawa Branch

BSP Financial Group Limited (BSP) Group Chief Executive Officer, Robin Fleming during a recent visit to AROB said Wakunai, Arawa and Buin are among 21 areas in PNG where BSP is the only bank operating.

He said BSP is committed to providing improved banking services, including the expansion of the Arawa branch to cater for the growing customer base. 

BSP thriving in East Sepik

East Sepik’s BSP Wewak Branch has been in operation since 1977 and while the province’ s economic activities has picked up in recent years since the establishment of the Sepik Economic Zone, so has BSP SME products offering.

Wewak Branch Manager Robert Jomino said Financial Literacy Training in the province has also picked up momentum because of agricultural development and business opportunities, but the service that is on demand in the province, is its SME Loan products.

Tari School receives assistance from BSP

This did not deter the students’ and teachers’ commitment towards education.

BSP Tari Branch while on an earlier visit to the school to run Financial Literacy Sessions, discovered that classes were being held in semi-permanent classrooms while students were sitting on makeshift desks, some even sat on the bare ground.

The branch stepped in and assisted the school with 100 desks, four teachers’ tables and chairs, installed a COVID-19 hand washbasin for the students and painted two of the school’s classrooms.

Students e-Learning Boosted

The Port Moresby school is recognized for its students’ high performance and excellent academic staff and facility. The last seven years has shown their Grade 10s topping the National Exams and being among the top five performing schools for the 2020 Grade 12 National Exams.

BSP Life PNG collaborated with NiuNet PNG to install four new computers containing e-library for students, and donated 223 library books and sporting gear as part of BSP’s annual community project initiative for 2021.

BSP Projects 4.2pc Economic Growth

In its Pacific Economic and Market Insight Quarter 2 of 2021 Report, it shows that a 4.2 percent economic growth is expected by 2022, as Papua New Guinea continues to recover from COVID-19 pandemic.

The report highlights that the recent surge in COVID-19 cases poses a threat to the expected economic growth of 3.5 percent for this year.

In addition, the report stated that the reopening of the Porgera Gold Mine now sets the path for all stakeholders’ partnership for the next 10 years, especially copper and oil; two of PNG’s major exports are at multi year highs.

BSP To Open 6th Branch In Lae

“This will strengthen our physical presence in Lae through our new Eriku Branch. This will enable BSP to continue to better serve the residents and people of Morobe Province,” said BSP Group CEO Robin Fleming.

 

BSP currently serves more than 152,000 BSP customers through its five 5 branches Lae Top Town, Lae Market, Lae Commercial Centre, Lae SME Centre and Bulolo Branch. The bank also has 3 Sub-Branches and 19 Agents in the province.