The Industry working group will focus on innovative ways to expand access and encourage market using ICT. It will facilitate the development of payment systems that serve the low-income population sustainably in order to reduce the time and money that low-income earning people spend to conduct financial transactions. The Industry Group will also identify pertinent research that will enable service providers to better serve low-income and remote communities
Progress Update: Working Group provides ongoing technical inputs to progress the work on the Retail Electronic Payment System (REPS) project undertaken by Bank of PNG to enhance inter-operability between financial institutions through the National Switching Facility on settling payments between the financial institutions.
Dialogue was established with NICTA to ensure sim-card registration progress with MNOs is not seen as a barrier to mobile banking customers of the financial Institutions as deregistration of sim-cards would affect business for the financial institutions