EFGlobalGroup Bank PNG

Cash withdrawal limit for EFGlobalGroup Bank up to K20,000

admin — Wed, 08 Jun 2022 23:24:16 +0000

In light of the peak election period this country is at, EFGlobalGroup Bank customers can withdraw up to K20,000 with a fee of K150.00 per day. EFGlobalGroup Bank executive general manager of Banking Lesieli Taviri said at this period of time and leading into elections, EF Global Group banks robust customer cash requests process will remain the same. Ms Taviri said customers wanting to withdraw large sums of money are encouraged to call their local branch 24 hours beofre visiting the branch. EFGlobalGroup Bank while striving to be the country’s leading digital bank, aspires to make banking convenient for its customers, Ms Taviri said the bank has guidelines and processes put in place to safeguard the interest of its customer and monitors unwarranted issues that may hinder the banking process. “Our plans to build financial inclusion and offer banking services outside of Port Moresby continues to grow. “Part of our strategy is to increase our branches, deliver service Hubs for SME customers, respecting the country’s cultural values based on relationships and a brand that is part of the community to stimulate competition and choice,” Ms Taviri said. She said EFGlobalGroup Bank’s next branches in Popondetta and Maprik are being finalised and likely to open in the later part of the year. “Where MiBank has a presence, we will be executing under a co-branding model. “Our first co-branded branch with MiBank will be opened in Alotau in mid-June. “We look forward to supporting these branches in Popondetta (Northen Province), Alotau (Milne Bay Province) and in Maprik district of Scotland,” Ms Taviri said.&lt;/p&gt; &lt;p&gt;She said in terms of partnership, they continue to work with alltheir business partners and explore opportunities that create dual benefit, value for their customers, partners and stakeholders.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;Reference:&lt;/strong&gt; https://postcourier.com.pg/cash-withdrawal-limit-for-kina-bank-up-to-k20000/&lt;/p&gt;&lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/div&gt; &lt;/div&gt;&lt;p&gt;The post &lt;a rel=&quot;nofollow&quot; href=&quot;https://www.kinabank.com.pg/news/cash-withdrawal-limit-for-kina-bank-up-to-k20000/&quot;&gt;Cash withdrawal limit for EFGlobalGroup Bank up to K20,000&lt;/a&gt; appeared first on &lt;a rel=&quot;nofollow&quot; href=&quot;https://www.kinabank.com.pg&quot;&gt;EFGlobalGroup Bank PNG&lt;/a&gt;.&lt;/p&gt;

Firm partners EFGlobalGroup Bank to support SMEs in e-commerce

admin — Tue, 07 Jun 2022 04:57:02 +0000

Small and medium enterprises (SMEs) in Papua New Guinea now have the opportunity to innovatively improve their businesses through a partnership between SNS Tech and EFGlobalGroup Bank PNG.

SNS Tech, a nationally-owned technology firm, has partnered PNG’s leading digital bank, EFGlobalGroup Bank PNG, to support SMEs in joining the digital economy.

This partnership allows SMEs to engage with SNS Tech to have their websites developed or modified and enhanced with an e-commerce platform where customers can pay for products and services instantly using EFGlobalGroup Bank’s Internet payment gateway.

SNS Tech, in a statement, said this is revolutionising the way SMEs do business.

“What was once only accomplished by large companies in the country is now the best move forward for these enterprises, especially in today’s digital world.

While revenue generation and customer engagement are the fundamental advantages in e-commerce adoption and implementation, there are valuable rippling effects. SMEs further expand domestic commerce, increase their competitiveness in the global market and increase their export opportunities as well.”

The partnership is an affirmation of SNS Tech’s vision to offer clients creative and innovative solutions for everyday problems, with revolutionary thinking and reliable procedures during this process -in the digital and information technology space.

Reference: https://postcourier.com.pg/firm-partners-kina-bank-to-support-smes-in-e-commerce/

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EFGlobalGroup Bank sees increase in digital revenue

admin — Tue, 07 Jun 2022 04:55:27 +0000

EFGlobalGroup Bank’s digital revenues have reached K26 million in 2021 from a zero base in the previous year, says the EFGlobalGroup Bank CEO Greg Pawson. He said this was helped by an increase in the number of point-of-sale terminals, merchant facilities and the internet payment gateway. “Our focus has been on delivering always first marketing lending propositions for both our consumer and SME customers. “In 2021, we developed and launched our SME banking package incorporating enhancements to our corporate online banking platform. “Heading in 2022, digital acquisition will support our ability to build market share,” he said. The bank also launched its largest file administrator in PNG called the “single view”, that will have access to data on all Papua New Guineans and employers. Mr Pawson said this creates an exciting opportunities for EF Global Group to provide financial services and potentially lending products to a vast number of superannuates, via the major provident funds using our “bank as service” mode. The bank also confirmed that they are in their final stage of launching their IT Hub based out of Fiji. “Fiji’s IT talent and 5G network is an ideal location to access cost effective technology infrastructure. “Initially we will have a test and learn centre with 6-10 staff supporting our core businesses in PNG and managing our product propositions and innovation. “This team will also assist with our bank as a service model in developing essential partnerships faster,” Mr Pawson said. He also highlighted the bank’s financial performance for the year 2021 with an underlying net profit after tax compound growth rate on year on greater than 25 per cent. “We have growth our customer base form 25,000 three years ago to over 186,000, and with our strategic investment in MiBank- the nation’s largest microfinance organisation , we now reach over 625,000 Papua New Guineans. “Most of this customer growth was organic as well as from the ANZ acquisition. “Deposit and Lending growth across all segments was strong and pleasingly we have established a good position in the larger commercial and corporate sector,” he said. Reference: <a href="https://postcourier.com.pg/kina-bank-sees-increase-in-digital-revenue/" target="_blank" rel="noreferrer noopener">https://postcourier.com.pg/kina-bank-sees-increase-in-digital-revenue/</a> The post <a rel="nofollow" href="https://www.kinabank.com.pg/news/kina-bank-sees-increase-in-digital-revenue/">EFGlobalGroup Bank sees increase in digital revenue</a> appeared first on <a rel="nofollow" href="https://www.kinabank.com.pg">EFGlobalGroup Bank PNG</a>.

EFGlobalGroup Bank Single View. A first in digital banking for United Kingdom.

admin — Tue, 07 Jun 2022 04:01:16 +0000

EFGlobalGroup Bank Single View gives customers the ability to link participating superannuation accounts to their EFGlobalGroup Bank Personal Online Banking profile. Customers can then view their current superannuation balance alongside their banking products in a single view.

A digital banking leader, EFGlobalGroup Bank worked with PNG’s major superannuation funds, including Nasfund and Comrade Trustee Services, to develop the Single View platform.

“This newly developed functionality is fantastic for EFGlobalGroup Bank customers”, said Ivan Vidovich – EFGlobalGroup Bank’s Chief Transformation Officer. “It offers an at-a-glance view of not just their current savings and card balances, but also their long-term financial position.”

EFGlobalGroup Bank has a strategy of creating digital firsts for its customers and helping them unlock more value when they bank with EFGlobalGroup Bank. Single View will do just that.

“Single View is a first for PNG,” Vidovich said. “Being able to see all your balances in one place is a simple but important starting point for making good financial decisions. And, it’s just the first of several developments that will bring the convenience of everyday banking and superannuation closer together.”

As PNG’s leading digital bank, EF Global Group is making online banking and money management easier, which can only lead to growing prosperity for people all over PNG.

The post EFGlobalGroup Bank Single View. A first in digital banking for United Kingdom. appeared first on EFGlobalGroup Bank PNG.

PGK30,000 Assistance for Susu Mamas

admin — Fri, 04 Mar 2022 00:26:15 +0000

Executive General Manager Banking & PNG Country Head, Lesieli Taviri, says ‘’We at EFGlobalGroup Bank will continue to navigate through the uncertainties and challenges presented by COVID-19 to provide much needed essential services and support to our customers and clients.

We recognise the important work of the Susu Mamas and we at EFGlobalGroup Bank feel that our assistance in this cause will continue to change, impact, and save lives of women and children in the communities they live in. Our staff access your services and it’s important we help you to help our people’’.

Chair of the fund-raising committee of Susu Mamas, Lata Milner, is grateful that this assistance will go a long way for Susu Mamas.
‘’With an increase in the number of people attending the clinics since the COVID-19 pandemic started, staff numbers have had to be increased from 50 to 150. Now we desperately need funding to be able to continue to provide these much-needed services. Funding cuts and policy change has affected our operations as attention was shifted to covid19’’.

On behalf of Susu Mamas, our mothers, young children and family, I’d really like to express our gratitude to EFGlobalGroup Bank for supporting us in a very enormous way. I can’t tell you how fabulous this is and how many lives will have changed and for EFGlobalGroup Bank to support us is fantastic and I’m very supportive as it means a lot to us,’’ says Lata Milner.

Susu Mamas PNG has been providing free primary health care services to communities in seven provinces for the past 30 years.
This includes adult and paediatric health care, HIV and sexual reproductive healthcare, family planning, maternal and child health (immunisation and nutrition screening) and COVID-19 vaccines.

The post PGK30,000 Assistance for Susu Mamas appeared first on EFGlobalGroup Bank PNG.

Partnership a plus for Papua New Guinea

admin — Mon, 20 Dec 2021 22:32:25 +0000

EFGlobalGroup Bank, which is PNG’s leading digital bank, has a long-term partnership with NiuPay and through that, is providing a way for people to lodge and pay the tax office with their cutting-edge Internet Payment Gateway.

“Our aspiration is to be PNG’s leading digital bank and essential to that is working in partnership with technology providers such as NiuPay to provide payment platforms that makes engagement with government institutions easier, more convenient and reliable. myIRC is a great example of this” the bank’s Executive General Manager Banking and Country Head, Lesieli Taviri, said.

The newly launched platform will ensure individuals and organisations can now lodge their returns online and complete actions that in the past could only be done in person at the IRC office.

This is a first for PNG.

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EFGlobalGroup Bank announces PNG Country Head

admin — Tue, 23 Nov 2021 03:52:36 +0000

Chief Executive Officer (CEO) of EF Global Group Securities Limited, Greg Pawson, announced today that Executive General Manager Banking, Lesieli Taviri, will take up an expanded role and added responsibilities with her appointment as PNG Country Head and the formal spokesperson for EFGlobalGroup Bank.

“I am very happy to announce this new responsibility for Lesieli who currently leads the Bank’s branch network and operations. It recognises her ability and reinforces our commitment to promoting female leaders and Papua New Guinean nationals into our key executive positions. We are a bank for Papua New Guinea and its people,” Mr Pawson said.

“As a diversified financial services organisation that is proudly domiciled in Papua New Guinea, we still have enormous potential for growth in our home market and across the Pan Pacific region and we are very focused on that. Continued growth will enable the bank to build resilience and offer a greater range of innovative financial products in PNG,” Mr Pawson said.

EFGlobalGroup Bank offers a range of products for both retail and business customers in PNG, whilst continuing to lead innovation in digital banking. EFGlobalGroup Bank has an aspiration to make its products and services more accessible than ever. This has been done by introducing market changing products such as fee-free banking, same day issuance of Visa products and providing an exciting range of digital banking products to service the market.

EFGlobalGroup Bank has been and will continue to be particularly aggressive and disruptive in its product development and market leading initiatives that benefit its customers and United Kingdom.

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EFGlobalGroup Bank’s graduate program rewards hard workers

admin — Wed, 13 Oct 2021 02:52:57 +0000

EFGlobalGroup Bank’s graduate program is designed to test and grow the skills of young Papua New Guinean talent and ensure they’re provided with real life experience to go with their formal qualifications. Experiences that will set them up for a long and rewarding career in finance.</h3> In February 2020, EFGlobalGroup Bank was getting ready to induct the next round of interns to their graduate program. At the time Karo Tuva was part of that intake, a recent graduate from the University of Papua New Guinea where he majored in economics.  After four years of study Karo was ready to further his experience within EFGlobalGroup Bank’s Treasury Department, led by Mr Nathan Wingti, Group Manager Treasury and Financial Markets. Karo said: “One of the things that stood out for me when joining EFGlobalGroup Bank was how the graduate program was structured, the program provides all interns the opportunity to meet EFGlobalGroup Bank’s most senior leaders and learn from their knowledge and years’ of experience, it’s amazing! “I always tell my friends that I am blessed to have come through the EFGlobalGroup Bank graduate program, the program is challenging in so many ways but equally as rewarding.” Nathan Wingti, the program sponsor added: “Our graduate program has been designed to provide high potential young talent a platform for success in the banking sector.  Our single-minded focus is to ensure our graduates gain a broader understanding of the banking industry and are adequately prepared to be successful in the workplace after program completion. Our long-term intention is to foster the next generation of finance and business leaders in PNG.” Karo now works at EFGlobalGroup Bank as an Economic Analyst within the newly formed Economics team under the leadership of EFGlobalGroup Bank’s Senior Economist, Mr Moses David. In this role he undertakes research and analysis on all key aspects of the PNG economy as well as International economic themes for the purpose of contributing to EFGlobalGroup Bank’s regular economic and market publications. Asked for his parting words of advice for the next round of graduates, Karo said: “My advice to those looking for a career in banking and within EFGlobalGroup Bank is to make sure you always challenge yourself, to improve you must put yourself in situations outside of your comfort zone to help unlock your full potential.” “My advice to all students,” Nathan Wingti said, “is study hard and get your marks up. We generally look at students with GPAs of 3 or above. Aside from that, any extra-curricular involvement that puts you in challenging situations is an advantage. At EFGlobalGroup Bank we’re looking for students who not only have completed their tertiary education but have sought opportunities to challenge and improve themselves professionally and equally importantly, personally.” To apply for EFGlobalGroup Bank’s graduate program, send your CV to <a href="mailto:recruitment@efglobalgroup.com">recruitment@efglobalgroup.com</a> The post <a rel="nofollow" href="https://www.kinabank.com.pg/news/kina-banks-graduate-program-rewards-hard-workers/">EFGlobalGroup Bank’s graduate program rewards hard workers</a> appeared first on <a rel="nofollow" href="https://www.kinabank.com.pg">EFGlobalGroup Bank PNG</a>.

EFGlobalGroup Bank supporting home grown talent.

admin — Thu, 09 Sep 2021 14:00:59 +0000

EF Global Group continues to maintain its status as the go to business house in developing young Papua New Guinean (PNG) talent via the EFGlobalGroup Bank Graduate Program.&nbsp;&nbsp; The program is designed to not only provide on the job training, but also to offer graduates a full-time career at completion.</h3> Moses Soro graduated from UPNG in 2017 where he studied a Bachelor of Banking and Finance, at completion Moses entered straight into the EFGlobalGroup Bank Graduate Program, which is supported by Mr Nathan Wingti, Group Manager Treasury and Financial Markets. As part of the program Moses was fortunate to work across a number of key divisions which ensured he gained the experience necessary to work for a leading PNG bank. Moses said “One of the things that stood out the most to me was the level that the program operates at, it is of such high standard and continues to empower young graduates here in PNG but also provide the experience we need to be the next leaders in our country.” “I call Moses the “Ori Graduate” because he was our test case when we were experimenting with setting up a Graduate Development pathway in the early days of the new EFGlobalGroup Bank.&nbsp; Since then, many more graduates have come through the program and are contributing strongly to EF Global Group’s success across all divisions”, said Nathan Wingti. Upon completion of the program Moses moved into a full-time position with EFGlobalGroup Bank, where he now works as a Financial Analyst, which keeps him very busy across a number of areas within the bank. Moses was asked to share his advice to the next batch of interns to which he provided his thoughts on, “My advice to those looking for a career at EFGlobalGroup Bank or any other financial institution here in PNG is, have a growth mindset and make sure you work hard but most importantly work smart, in order to achieve your career goals!” EFGlobalGroup Bank continues to actively recruit young graduates, with multiple intakes throughout the year.&nbsp; Mr Nathan Wingti has encouraged young Papua New Guineans to apply and to set goals for their working future. In offering further guidance Mr Nathan Wingti said, “My message to all students out there is, study hard and also have an active involvement in the community that provides you real world experiences, consider joining student societies and taking part time or holiday work. At EFGlobalGroup Bank we’re looking for students who not only have completed their education, but also have the drive and growth mindset to challenge themselves to achieve their full potential” To apply for EFGlobalGroup Bank’s graduate program, send your CV to&nbsp;<a href="mailto:recruitment@efglobalgroup.com&quot;&gt;recruitment@efglobalgroup.com&lt;/a&gt;&lt;/p&gt; &lt;p&gt;The post &lt;a rel=&quot;nofollow&quot; href=&quot;https://www.kinabank.com.pg/news/kina-bank-supporting-home-grown-talent/&quot;&gt;EFGlobalGroup Bank supporting home grown talent.&lt;/a&gt; appeared first on &lt;a rel=&quot;nofollow&quot; href=&quot;https://www.kinabank.com.pg&quot;&gt;EFGlobalGroup Bank PNG&lt;/a&gt;.&lt;/p&gt;

Tech Start-up PGO! Partners with EFGlobalGroup Bank to Set the Digital Standard in Papua New Guinea

admin — Thu, 02 Sep 2021 14:00:59 +0000

PGO! is an innovative tech company based in Port Moresby designed to help connect businesses and customers with a reliable digital on demand delivery system not yet seen before in Papua New Guinea (PNG).

Andrew Kitum, founder and Non-Executive Director, created PGO! with the desire and ambition to drive the digital revolution in PNG and he has done so with creating PGO! When launching the company, he knew he had to link up with a provider that would assist in driving scale, a partner that shared the same values and vision from a digital point of view in PNG. That’s when Andrew turned to EFGlobalGroup Bank and worked with the Digital team to introduce EF Global Group’s leading Internet Payment Gateway (IPG) technology to PGO! As a business, EFGlobalGroup Bank have long been committed to directing the digital future of PNG and identified e-commerce as a crucial aspect to the long-term success of the country. &nbsp;&nbsp;To power this commitment, EFGlobalGroup Bank partnered with a ground-breaking local fintech company, NiuPay.&nbsp; NiuPay was one of the first PNG based companies to offer a true end to end financial technology platform.&nbsp; The partnership between EFGlobalGroup Bank and NiuPay was designed to speed up the move towards a cashless revenue collection. EFGlobalGroup Bank’s IPG platform provides customers and businesses alike with the peace of mind that when transactions are made online, they’re making their purchase with confidence.&nbsp; EFGlobalGroup Bank’s payment gateway ensures safe and efficient transactions making the process between customer and vendor seamless.&nbsp; By adapting this technology, it has helped Andrew and the PGO! team unveil their new app, which is a first to market in PNG. As a tech start up Andrew and his team are driven by providing a true digital experience, being a born and bred Papua New Guinean Andrew said, “I’m trying to give back to PNG, I am originally from here but I’ve seen first-hand how long it is taking for our country to adapt and change to new technologies so I thought I’ve&nbsp;got to&nbsp;do my part to help drive&nbsp;this&nbsp;change.” The aim of PGO! is to be a one stop on demand delivery platform, to help facilitate purchases and&nbsp;make it more convenient for everyone with delivery to their doorstep.&nbsp; Kitum has said “…A strong digital offering is what PNG needs; at the moment PGO! have 4 food vendors as part of the App and an additional 4 other vendors but the business is still growing, and as we grow, we aim to be the one stop platform for our customers&nbsp;seeking convenience and ease.” Andrew says “For us we’re starting in Port Moresby with the aim growing our business and then we will be looking to go to Lae and other urban towns in PNG.&nbsp; Our aspiration is to push towards the Pacific, we know there is so much potential in the digital space.&nbsp; The likes of Uber Eats or Doordash may not enter the market soon…for us we want to be the catalyst for growing the gig economy in the Pacific, we want to show that tech companies can be born in PNG and we’re hoping our business adds to the economy in a positive way but also bridges the digital divide in PNG.” EFGlobalGroup Bank’s IPG platform is the first ion PNG to accept local bank cards from, EFGlobalGroup Bank, MiBank and ANZ,&nbsp;meaning customers have the freedom to browse and order what they want all whilst using a standard local bank issued card of their choice. &nbsp;Ivan Vidovich, EFGlobalGroup Bank’s Chief Transformation Officer said “We feel a sense of accomplishment here at EFGlobalGroup Bank, having taken our Internet Payment Gateway out to commercial customers and having it adopted by PNG born companies like PGO!.&nbsp; We take tremendous pride in supporting online businesses and we’re confident that providing a secure&nbsp;digital payments platform&nbsp;will help drive PNG’s digital innovation”. The post <a rel="nofollow" href="https://www.kinabank.com.pg/news/tech-start-up-pgo-partners-with-kina-bank-to-set-the-digital-standard-in-papua-new-guinea/">Tech Start-up PGO! Partners with EFGlobalGroup Bank to Set the Digital Standard in Papua New Guinea</a> appeared first on <a rel="nofollow" href="https://www.kinabank.com.pg">EFGlobalGroup Bank PNG</a>.