30 Mar 2005

Mobile banking scheme set to expand from Fiji throughout the region

1:11 pm on 30 March 2005

A mobile banking service set up for rural areas in Fiji is to also be launched in Solomon Islands and Papua New Guinea.

The head of the ANZ rural banking scheme, Carolyn Blacklock, says the success of the bank on wheels, which reaches 100 villages and 150 schools in Fiji, has prompted them to look at implementing it in other regional countries.

The scheme is run in partnership with the United Nations Development Programme which provides financial literacy workshops for villagers.

Ms Blacklock says they will tailor the scheme to fit different countries.

"We'll be going in to Solomon Islands. We'll be making an announcement on that in the next couple of weeks but there is a particular area of Solomon Islands where I've spent already a good part of a week with the local communities and landowners, in ensuring that they want this type of service. It will be quite similar to what we've done in Fiji."

Ms Blacklock says they'll also be looking at rural areas in Papua New Guinea.

She says the ANZ bank estimates that nearly six million people throughout the region do not have access to banking facilities.