BSP eyes new banking system in Vanuatu, PNG

THE key priority areas for Bank South Pacific this year is to have a new banking system in Vanuatu and Papua New Guinea, group chief executive officer Robin Fleming says.
He told The National that their digital team would also launch a new payments platform in the first half of the year that would give many more customers access to payments by internet.
Fleming said that more active promotion of school fee payments by SMS (short messaging services) banking for school fees this year would also be made.
“In 2021, the key priority areas will be our new banking system in Vanuatu initially, and then PNG by the end of the year,” he said.
“BSP’s new mobile merchants payment channel is also being trialled which will allow customers registered with mobile banking to pay a merchant registered with mobile banking.
“BSP has a number of great digital products and general manager (retail) Daniel Faunt and our retail team will place a lot of emphasis on informing our customers of the benefits of our digital products and channels, promoting the use of these channels, making the process of registering for mobile banking and access to replacement cards for our customers less difficult and improving the quality and consistency of our service.”
While commenting on the group’s performance last year, Fleming said dealing with the implications of the Covid-19 was both a major challenge and achievement.
“The travel restrictions that were introduced by countries worldwide and countries BSP operates, had financial implications for many of our corporate and retail customers and BSP was able to respond with support packages of varying terms and periods for those customers who were affected.”