• Thu. Dec 1st, 2022

BSP Financial: Vodafone on the BSP Mobile Banking platform *131#

ByCindy J. Daddario

Oct 27, 2022

BSP customers who hold a registered Vodafone SIM card can now access mobile banking services on the USSD BSP Mobile Banking *131# platform.

Vodafone PNG and BSP Financial Group Limited today, Tuesday 25e October 2022, signed a partnership agreement that allows Vodafone customers to access BSP banking services through their mobile phones. BSP mobile banking services are currently only available to Digicel and Telikom customers.

Five months after the rollout of Vodafone SIM cards in PNG, Vodafone SIM cardholders can register and access BSP’s mobile banking services – check balance, transfer funds, top up mobile credits, purchase EasiPay top-ups, pay tuition and airfare and other banking services including water bill payment, NCDC services and Mobile Merchant retailers.

BSP Deputy Managing Director for Retail, Peter Komon, said BSP is delighted to extend this partnership to Vodafone by offering the convenient BSP Mobile Banking banking and payment platform to Vodafone customers. “BSP has over 482,000 Mobile Banking users. In 2021, it reached over 110 million financial transactions, performed on our BSP Mobile Banking platform and we are proud to be part of the digital transformation,” he said. he declares.

(L-R) Peter Komon, Deputy Managing Director of BSP Retail, speaking to the media during Vodafone’s launch of BSP’s mobile banking USSD platform at BSP Waigani head office.

“Our market is transitioning to digital and self-service banking practices. This reflects the 90% annual growth of customer transactions processed through digital channels. It is a positive reflection of the growing appetite for online payments. online and mobile and the increase We are seeing the gradual increase in real-time digital transaction volumes from our customers and seeing a growing need for seamless and instant reconciliation of transactional data for direct processing to customers’ accounting systems,” Mr. Komon added.

Vodafone PR & Sponsorship Manager Charmaine Torobert said: “Through this new partnership, Vodafone and BSP customers will be able to take advantage of BSP services on the Vodafone network and Vodafone customers will be able to access mobile services and offers through their BSP accounts. Vodafone is also in the process of providing mobile money services in PNG which will be a game changer in the near future.”

Ms. Torobert further added that partnerships with banks such as BSP will help boost financial inclusion efforts in PNG and provide financial services to rural PNG. Together, the partnership between Vodafone and BSP will help connect the unconnected and bank the unbanked.

BSP is pleased to have Vodafone on board, a telecommunications company which has a customer base of 300,000 active subscribers and has been operating in Papua New Guinea for five months since its official launch on 21st from April 2022. Currently, Vodafone network live coverage is in NCD, Central, Morobe, Eastern Highlands, Western Highlands, Chimbu, Jiwaka, East Sepik and Madang province, with Vanimo and Alotau live by the end of this month. Continued network expansion is currently underway, with coverage of the NGI region to be completed by the end of this year and coverage of all 22 provinces to be completed by the end of March. next year.