As the technology improves, Papua New Guinea KINA Bank moves on with digitalization of its banking services and will launch what is called Kina Private bank in the middle of the year to secure a segment of its customers with a range of products and services, an official says.
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| PNG Kina Bank Focuses on setting on Digital Services [Photo Kina bank headquarters-Port Moresby, pngfacts.com photo] |
The bank's Chief executive officer Greg Pawson said in Port Moresby yesterday that the aim was to come up with a high value customer segment that would allow customers access and use of Kina’s services digitally.
“It is still important when customers need us, that we have got a point of contact and help out,” he said.
“The proposition for us is that if you look at our biggest competitor BSP (Bank South Pacific Financial Group), they have a segment called BSP First, so Kina Private bank is being designed to compete directly with BSP First.”