Business News

In-store Banking: Banking made easier for Porebada

Banking has been made easier for Porebada village, just outsidethe nation’s capital.

Under WespaPNG’sIn-store banking service, villagers can save time and money. One issue that this will alleviate is transport costs.

Businessman Arua Oda Igo owns a trade store called Jungle Trading. WespaPNG has given him an eftpos machine to keep in his store. It will help Porebada’s Wespac customers to do banking transactions.

The Wespac eftpos machine will save travel costs for the locals.

Westpac’s in-store banking service allows its customers to check balances and pay bills, withdrawals, deposits and transfer funds fromtheir Westpac accounts at a local trader; in this case atthe Jungle Trading.

Porebada isthe second village in Central province to have an in-store banking service introduced. The first was Tubuserea village.

Wespac also set up shop inthe village to register customers undertheir Choice Besic account. It is Wespac’s popular choice forIn-store banking customers.

Locals cued up to fill in forms and deposittheir two kina opening balance.  The account has no monthly fees; however each withdrawal has a K1.50 fee.

Salome VincentoNational EMTV News

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