Banking and finance

Green Finance Centre head on increasing potential for sustainable lending in PNG

The Bank of Papua New Guinea's Green Finance Centre was established in 2024 to encourage financial institutions to fund sustainability-related projects. The centre’s head Mohinesh Prasad shares the progress being made on green finance – and its potential to boost PNG's economy.
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Mobile wallets making moves in Papua New Guinea

As more institutions are considering ways to connect to the unbanked population of Papua New Guinea, mobile wallets are emerging as a potential game changer for the sector. Charlotte Armstrong examines the key players in PNG’s mobile money market.
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Female innovation looking bright in Papua New Guinea

This year’s Innovation PNG Awards featured a new category: for female innovators. The award was shared by two women, who speak to Business Advantage PNG about their groundbreaking projects and the promising future for female innovators in Papua New Guinea.
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Finance sector forms a digital vanguard in Papua New Guinea

Papua New Guinea's financial institutions are playing a leadership role in digitalising its economy. The country’s bankers talk to Business Advantage PNG about their major investments in new technology, and how this is driving business growth.
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National Banking Corporation chair shares roadmap to public listing

State-owned National Banking Corporation (NBC) secured a commercial banking licence in December 2024. In this exclusive interview, Chairman Darrell Seeto shares his plans to get the bank to profitability and a listing on Papua New Guinea's stock exchange.
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Deloitte PNG head on how technology is driving growth in Papua New Guinea’s finance sector [video]

Herbert Maguma, Managing Partner at Deloitte PNG, speaks with Business Advantage PNG about how investments in digital channels and AI are reshaping Papua New Guinea's financial services sector. He also goes into detail about the likely impact of a financial greylisting on the PNG economy.
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Greylisting: what it could mean for Papua New Guinea’s banks and their customers

Late in 2024, a 226-page report by the global Financial Action Task Force was quietly published online that may, according to the experts, have a significant impact on Papua New Guinea's banking and finance system. Business Advantage PNG takes a closer look.
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