PNG KINA Bank and NiuPay have a partnership to deliver a digital payment option to the PNG market, says Kina Bank chief executive officer Greg Pawson said.
“Kina Bank has long been committed to the digital future of PNG and, therefore, we believe that developing e-commerce is crucial to the long-term success of the country,” he said.
“To power this commitment, Kina Bank has partnered with a groundbreaking local fintech company NiuPay.”
Their applications and infrastructure have been specifically developed to address the unique challenges and complexities of the PNG digital landscape, with a focus on cashless revenue-collection and secure, cloud-based data processing.
PNG’s recent and ongoing experience with the Covid-19 virus, while tracking ahead of the rest of the world, highlights the urgency of helping government and businesses to move towards cashless revenue collection.
Director of NiuPay James Inglis said: “It made sense for NiuPay to partner with Kina Bank as our visions align beyond our product offering.
“As a disrupter in this space, Kina Bank is agile, responsive to the needs of the market and a leader in the digital banking space.
“It is these shared values which will enable us to grow together and reshape the payment experience in PNG.”
Kina Bank and NiuPay believe that the digital collaboration would transform the way payments are conducted online in Papua New Guinea.
“This will be achieved by simplifying the process for all businesses, big and small, of adopting online payments,” Inglis said. The National/PNGEhow
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