Kina Bank

“This kind of innovation will be groundbreaking for businesses in PNG,” Kina Chief Transformation Officer, Ivan Vidovich, said.

Through a collaboration with global fintech, Xero, Kina has developed and launched its new platform, Kina Xero Bank Feed, which is a cloud-based software that provides online tools to manage everyday business needs.

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.

The initiative was supported and funded by Kina Bank, and for four months, children from Nonu Independent Institute of Education enjoyed Illimo Dairy Milk Sticks for breakfast; a healthy way for them to start their school day.   
 
Malnutrition is a major problem in PNG, particularly for children in settlements experiencing a lower standard of living. 
 

The K2000 incentive will be paid once a home loan settles and represents a market first for Papua New Guinea.

Kina Bank's Executive General Manager of Banking and Country Head, Lesieli Taviri, said the initiative rewards borrowers and helps them on their home-buying journey.

“Additionally, we will be offering an aggressive 5.47 per cent rate for these loans.  Once again, we’re providing a market leading offer that offers people choice,” Taviri said.  

In a media statement, the bank said it is set to be a digital game changer that helps customers keep an eye on their financial big picture.

Kina Bank Single View gives customers the ability to link participating superannuation accounts to their Kina Bank Personal Online Banking profile. Customers can then view their current superannuation balance alongside their banking products in a single view.

A digital banking leader, Kina Bank worked with PNG’s major superannuation funds, including Nasfund and Comrade Trustee Services, to develop the Single View platform.

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.

GoFood (PNG) has been in operation since 2016. Its operation has obtained valuable feedback and traction from its customers, and now with the App, customers can rest assured that it meets their expectations.

GoFood Ltd Chief Operations Officer, Vavine Anang said it took 6 years to get into full operations, and believes that they are ready in having an App that customers can use to enjoy the cuisines that are available in Port Moresby.

Mr Pawson said, "At the same time as innovating and delivering a better banking solution for PNG we believe we are helping the economy grow, through lending for business and individuals and providing a better banking experience to more people in the country.”

Economic analysts, including the World Bank predict good growth for the PNG economy in 2022. Following its 2021 results, Kina Bank is now the second biggest bank, by lending, in PNG that now sets the pace for the sector in 2022.

This donation will contribute to the organisation’s work of providing free primary health care services to children and women.

Executive general manager, banking, Lesieli Taviri, said: “We at Kina Bank will continue to navigate through the uncertainties and challenges presented by COVID-19 to provide much-needed essential services and support to our customers and clients.

In response to the Deputy Pandemic Controller, Dr Daoni Esorom’s concern over long commercial bank queues, Kina Bank highlighted that it continues to adhere to the COVID-19 protocols and the “Niupela Pasin” measure set up by the government.