As part of its strategy to improve services offered on its e-Banking channels, NCSL has made enhancements to its Member Online Portal to enable instant internal account transfers.
The Society is pleased to announce that with this function it is now possible for NCSL members to transfer funds instantly to third party accounts within NCSL and to other banks which means, payments can be made without delays.
NCSL Chief Executive Officer, Vari Lahui said the initial introduction was made by the Bank of Papua New Guinea via Retail Electronic Payments System that enables all the members or customers of participating financial institutions to transfer funds between accounts held in these financial institutions.
“The main reason for the introduction of this facility is to make life easier for the customers who may want to transfer funds to their loved ones at a much lower cost,” he added.
Manager e-Banking, Vavine Iamo, said the transfer from a member’s poro account to another poro account or to another bank account is instant and members don’t have to wait.
“We are excited about this product as our members receive funds instantly unlike before.”. “The current function only allows transfer of funds from Poro to Poro, from Poro to MiBank and Poro to PMBL only while waiting for BSP, Westpac and Kina Bank to join the process,” she said.
NCSL encourages its existing members to register online to access the Member Online Portal to check balance, eligibility, download statement, or follow through on the process of their loan or withdrawal applications.
NCSL continues to invest in technology to bring services closer to our members and make life easier for them. The Online Portal can be accessed from any android device and anywhere in the world where internet services are available.