National Banking Corporation Limited (NBCL) launched a Foreign Exchange (FX) functionality on its Online Banking platform, enabling its personal customers to send money overseas or make overseas payments.
Announcing this key milestone in this new commercial Bank’s digital transformation journey, NBCL Acting CEO Adam Downie, said this new capability enables customers to conduct foreign exchange transactions directly through Online Banking, providing greater convenience, efficiency, and control over international financial activities.
“Through the platform, customers can buy and sell foreign currencies, make international and cross-border payments, access real-time exchange rates, and manage foreign currency transactions securely from anywhere without having to visit a branch,” said Mr Downie.
Mr Downie added that this enhancement supports individuals and businesses engaged in international trade by enabling seamless currency conversion and the efficient movement of funds across borders.
“The launch reinforces NBCL’s commitment to modernising banking services and strengthening its position as a trusted financial institution in Papua New Guinea and puts us on par with the other established banks specific to this functionality.”
The new functionality reflects NBCL’s continued investment in innovation and customer-focused solutions. The FX Online Banking platform is part of NBCL’s broader strategy to improve service delivery, enhance customer experience, and provide value-added solutions that meet evolving customer needs.
The bank also confirmed that work is underway to further improve this functionality including introduction on FX Online to its Enterprise Banking customers (non-personal customers).
