NCSL installs 300 Eftpos terminals, many show interest


THE Nasfund Contributors Savings and Loan Society (NCSL) has 300 electronic fund-transfer-at-point-of-sale (Eftpos) terminals and hopes to increase that nationwide.
Pagini Clothing Ltd and the City Pharmacy Ltd Group of companies remain the NCSL’s top merchants, followed by Nonko Ltd, Papindo and Super Value Stores.
NCSL manager e-banking Vavine Iamo said the number of merchants and terminals had increased as more businesses including canteens were now showing interest.
Early this month, NCSL installed 10 new terminals at two shops owned by Pagini Clothing Ltd, and another 10 at Nonko Ltd, Pagini Clothing Limited’s sister company in Lae.
Pagini now has 18 terminals in its eight shops in Port Moresby and 20 in Lae.
Pagini Clothing Ltd managing director Chris Kopyoto said using terminals reduced the need to handle cash at its premise, reducing the risk of theft.
“Holding onto cash attracts unnecessary attention, therefore we have to take advantage of this technology,” Kopyoto said.
Iamo said they hoped to install more terminals to cater for demand.