BSP Financial Group Limited (BSP) coverage of its electronic banking service has reached over thousands of customers, both old and new, over the last three years linking customers even in rural areas to vital banking services, and the most used is the mobile banking service.
The Group Chief Executive Officer (CEO) Mr. Robin Fleming said mobile banking service is top out of the other performing channels of EFTPOS and ATM.
“Mobile banking has seen a lot of improvement and increase in transaction activating, especially for top up for power, top up for mobile telcos and transfers to other customers who are also on our mobile banking platform,” said Fleming.
He also said BSP mobile merchant platform is a very easy to use way of undertaking transactions with merchants who are registered to mobile banking without having to use cash.
Fleming also added that BSP just this week added Vodafone PNG to the bank’s top up merchants, which is a plus because of the reach now for BSP customers with an additional mobile service provider on board.
According to the BSP 3rd quarter report presented just on Thursday, 33 million Mobile banking transactions were done in the quarter compared to card transaction with 10 million transactions, and ATM with 9 million transactions done in the 3rd quarter.
“The ongoing strategy and desire and intent of BSP is to encourage to use transactional activities in channels which don’t involve queue up at the branch or to queue up at an ATM,” the CEO added.
Mobile banking makes banking easy and safe with twenty- four- seven cashless payments and transfers; therefore, this has resulted in a lot more people now signed on for the BSP mobile banking service.