Port Moresby, 9th July 2013 | Bank of South Pacific Ltd (BSP) and Super Value Stores Ltd (SVS) today announced the signing of a Memorandum of Understanding (MoU) to formalise a strategic relationship to facilitate financial inclusion and expansion of small business opportunities in Papua New Guinea.
SVS, as one of the nations' largest retailers, recently announced their pla...ns to rollout 3000 Supa Village Stoas throughout PNG, and has elected to enter into an exclusive and strategic business relationship with BSP.
Under the scope of the MoU each Supa Village Stoa will become a BSP Agent and benefit from BSP's range of e-payment solutions and be eligible for specially tailored Smart Business financing.
The MoU paves the way for BSP and SVS to further assist in growing local businesses and delivering their respective services.
Bringing together the country's leading bank and retailer will be a catalyst for local communities to be supplied with high quality goods, financial services and new business opportunities on a national scale.
BSP Group CEO Robin Fleming said, "BSP is committed to helping small businesses grow and is proud to work with the Supa Village Stoa project".
"Our collaboration with SVS is a unique opportunity to offer banking services in rural areas, through a trusted businessperson in the local community under a nationally recognised retail brand".
BSP currently has more than 200 Agents nationwide and continues to build on its award-winning innovative solutions to deliver the most affordable and accessible banking services.
SVS, as one of the nations' largest retailers, recently announced their pla...ns to rollout 3000 Supa Village Stoas throughout PNG, and has elected to enter into an exclusive and strategic business relationship with BSP.
Under the scope of the MoU each Supa Village Stoa will become a BSP Agent and benefit from BSP's range of e-payment solutions and be eligible for specially tailored Smart Business financing.
The MoU paves the way for BSP and SVS to further assist in growing local businesses and delivering their respective services.
Bringing together the country's leading bank and retailer will be a catalyst for local communities to be supplied with high quality goods, financial services and new business opportunities on a national scale.
BSP Group CEO Robin Fleming said, "BSP is committed to helping small businesses grow and is proud to work with the Supa Village Stoa project".
"Our collaboration with SVS is a unique opportunity to offer banking services in rural areas, through a trusted businessperson in the local community under a nationally recognised retail brand".
BSP currently has more than 200 Agents nationwide and continues to build on its award-winning innovative solutions to deliver the most affordable and accessible banking services.
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