Instant Remittances To Mobile Phones Arrives In PNG

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Pacific Islands Development Program, East-West Center With Support From Center for Pacific Islands Studies, University of Hawai‘i

Money transfer service WorldRemit teams up with Digicel

PORT MORESBY, Papua New Guinea (PNG Post-Courier, Nov. 19, 2015) – Money transfer service WorldRemit today launches instant remittances to mobiles in Papua New Guinea. Customers in 50 countries can now send money to Digicel Mobile Money wallets – just like an instant message.

Funds sent to Digicel Mobile Money wallets can be immediately used to pay bills such as electricity or insurance, top-up airtime, make purchases in stores or online, or simply to store for future use.

The Digicel Mobile Money wallet is supported by the Pacific Financial Inclusion Programme. It aims in particular to support hundreds of thousands of disadvantaged women and people living in rural areas.

Mobile penetration in Papua New Guinea is estimated to be around 70%, significantly higher than the share of people with access to formal financial services, which is estimated at around 15-30% of the population.

Alix Murphy, senior mobile analyst at WorldRemit comments: "Remittances to Mobile Money are a game changer – no matter where you live, you can now receive money from abroad in an instant on your Digicel Mobile wallet.

At WorldRemit, we realise how Mobile Money is already transforming access to financial services in Papua New Guinea: Today, we are launching a service that will further drive this transformation."

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