Thursday, 22 October 2015

NDB rolls out SMS banking service


Caption:  Moses Liu (centre) flanked by his executives.



By MATTHEW VARI

Sunday, March 16, 2014 (Sunday Chronicle, PNG)




THE National Development Bank officially announced the launch of an SMS service for its customers nationwide to access details of their loan repayments via SMS alerts and other information, last week at their Head Office at Waigani, Port Moresby.

Its free SMS banking service will add value to both existing and new customers of the bank- as they can easily obtain their current loan account balance, the next payment amount, and will be notified of when their next payment is due.

The service will also include free text reminders and details of new product offers.
NDB Managing Director Moses Liu, pointed out the shift in portability mobile communications has in being used as a platform to conduct services, especially in the banking sector.

“SMS banking has gained great interest in the world, with over 70% of the world population now having access to this service via the mobile phone; therefore, NDB would like to bring this service to our customers so that they can easy access to banking services,” he said.

With 20 branches nationwide, and expansion to four other provincial centers in 2014, accessibility has been a major focal point for the State owned bank- with a target to capture the unbanked citizens on the country.

“Currently we have got 20 branches, and this year we will be rolling out another 4 branches and we want to have our services to the rural people as much as possible,” Liu said.

“The country has two million bankable people in the country based on a recent household survey, indicating that there are a lot of young people who have been exposed to electronic banking, and they have to be serviced by being brought into the formal banking sector.”

The SMS will be the first of other electronic platforms the bank is to bring online- with its subsidiary Peoples Micro Bank to offer SMS and other mobile services soon, according to the bank’s Electronic Banking Manager Nathan Dingu.

“It is a text based service that can be used on any mobile phone, not just a smart phone, but any Digicel mobile device,” he said.

“To check your balance you have to send a message to 16632; to check next repayment amount and due date, the customer is to text ‘next pay’ to 16632 followed by the last four digits of their account number.”

When asked why it had taken the bank long to roll out an SMS service, Dingu said that because of the many changes the bank had gone to be where it was today, the services are now only being realized and being rolled out.

NDB has gone through a phase of changes, so because of this it has taken a bit of time to realize, but it has now being kicked off with other project set to follow like direct top up for power, Digicel credits, card systems, ATMs and the whole lot.”

“Once you register with the service, a message will be sent to your phone where you will have to confirm and be added in for the service.”

Customers of Digicel mobiles are able to use the service- with Bemobile users to be added later on, with already 200 customers registered already.


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