BSP has won the Connected World Forum Award for the "Best Bank-led Mobile Money Programme" in the world, beating some of the worlds leading and globally recognised emerging market banks.
BSP was among five (5) global banks shortlisted for the Best Bank Led Mobile Money Programme in the Connected World Awards, held in Dubai from November 19th - 22nd.
BSP was shortlisted for making banking secure, safe and easy for the rural people & encouraging a saving culture through Mobile Banking.
The four (4) other finalist were Eko India Financial Services Private Limited (India), Equity Bank Ltd (Kenya), National Payments Corporation of India and Easypaisa (Pakistan).
The Connected World Awards celebrates the very best in Mobile Money with specific emphasis on innovation & service delivery.
BSP Group CEO Ian B Clyne when announcing the win said "BSP is one of the first banks in the world to utilise cutting edge technology (Tablet Computers) to reach more customers in the most remote areas to open new accounts and increase financial inclusion".
"Winning this globally recognised "international award" is an amazing achievement and one in which all staff of BSP have contributed. It recognises that BSP is a world class innovative bank, and we will see in the future many international banks calling on BSP keen to learn from our experiences, and achievements. It also very clearly puts Papua New Guinea and BSP on the world banking map for all the right reasons," he said.
"I am exceptionally proud to be the Group CEO of such an exceptional bank, whilst we have more work and improvements to do, it shows that anything is possible for BSP and PNG," Mr Clyne added.
"The use of our Tablet computer technology to open accounts is only part of the story. The technology would not have been successful without the associated changes in processes such as "One Touch" account opening, our "eco-system" approach to link businesses, customers, EFTPoS merchants, branches, Rural and agencies into the one value chain, and the expansion of our Rural agency, EFTPoS and ATM networks," he said.
With the help of this cutting edge technology BSP has also opened 250,000 new Kundu Accounts since January 2012. Mr Clyne explained that this is a result of BSP's innovative processes and technology. "The total number of Retail accounts will exceed 1 million in the next few weeks," Mr Clyne affirmed.