Close to 30,000 Rural Ni-Vanuatu to Be Migrated to Electronic Banking

Addressing low usage, cost of travel and lack of opportunities to transact, the National Bank of Vanuatu (NBV) has announced the migration of close to 30,000 of its rural customers from a legacy paper-based passbook system to electronic and mobile banking.

The United Nation’s Pacific Financial Inclusion Programme (PFIP), through funding from the Governments of Australia and New Zealand, is working with NBV to launch a tablet-based transaction platform that will vastly reduce transaction time and costs. The project is also expected to add 14,200 new customers to the NBV client base, of which 50 percent will be women.