Banking and finance

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.
Read More

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.
Read More

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.
Read More

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.
Read More
advertisment...

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.
Read More

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.
Read More

Bank of Papua New Guinea issues new directive on forex order priorities

Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
Read More