Westpac bank

Westpac PNG and Fiji still intact

Westpac operations in Cook Islands, Samoa, Solomon Islands and Tonga were sold to BSP in 2015. On July 1st, Westpac completed the sale of its banking operations in Vanuatu, to Vanuatu’s Bank South Pacific, a subsidiary of Bank of South Pacific.

According to Westpac PNG management, the banker had sold its operations in these markets to focus on its flagship Pacific markets of PNG and Fiji.

Westpac remains committed to PNG as the first bank in the country, and to Fiji as the longest serving bank.

Westpac customers move to electronic channels

This is because  Westpac Bank customers  are now able to more transactions via electronic channels than in bank branches.

Westpac PNG Head of Retail, Cameron Penfold, said electronic channels such as mobile banking, ATMs, EFTPOS, internet banking and Instore banking are taking over as the preferred options for customers, with branch visits now largely only for transactions that need specialist advice from personal or business bankers.

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