Bank South Pacific to train staff on budgeting, savings and mobile money

 MORE than 90 staff from Bank South Pacific will be trained in budgeting, savings and mobile money modules next month.
The one week course would be facilitated by the Bank of Papua New Guinea’s microfinance expansion project to enable the bank’s staff to rollout the courses to their branches, sub-branches and agents across the country.
Last week, 27 BSP staff completed the programme and were certified as financial literacy trainers.
The remaining 93 BSP staff will start their training in January in the  Mamose region, followed by the Highlands, New Guinea Islands and Southern.
The event came about due to a memorandum of agreement signed in September between BSP and the Bank of Papua New Guinea for the delivery of financial education, awareness and training under the central bank’s microfinance expansion project.
The agreement is signed in line with the central bank’s commitment to building an inclusive financial sector in the country under the Maya Declaration established in September 2013.
BSP plans to have rolled out training to over 60,000 participants, of which 40% will be women, throughout Papua New Guinea by next August.
The commercial bank actively supports innovative use of technology through the Mobile Money Module, scaling-up access to financial services and financial Literacy programmes.