Telepin Powers Mobile Financial Services in Papua New Guinea
Date Posted: Thursday, October 27, 2011
As a provider of mobile money transaction platforms, we get to work in some of the most interesting and remote parts of the world. One such place is Papua New Guinea (PNG) where we were recently selected to power Digicel Group’s cellmoni mobile money service. This service includes all the normal things you’d expect, as well as the ability to transfer money to friends and family anywhere in the country. Also powered by Telepin and hosted on the Digicel network are Post PNG’s MobileSMK and MiCash from Nationwide Microbank.
There appears to be great demand by residents of PNG for a system that enhances cash safety, which includes phone transfers and a means to transact, store and accumulate value for later use. The solutions from Digicel, Post PNG and Nationwide Microbank are delivering a best-in-class solution that extends value to PNG mobile subscribers, merchant networks and ecosystem partners.
Telepin’s Cayman Transaction platform is used by all three providers for mobile financial services (MFS) offerings. The service is regulated by the Central Bank of PNG and has been developed in partnership with Pacific Financial Inclusion Programme (PFIP) with a view to promoting financial inclusion within PNG and the region.