Businesses in Papua New Guinea (PNG) can now accept secure online payments
Financial technology (fintech) sector is rapidly developing in the Pacific region, offering new solutions to streamline financial operations for businesses across the smaller Pacific island economies.
This trend is gaining momentum in PNG with a recent partnership between Kina Bank, a leading digital bank, and SNS Tech, an innovative technology provider. This partnership aims to simplify and secure the payment process for businesses in PNG.
The partnership involves integration between Xero, a popular cloud accounting platform, and Kina Bank’s Integrated Payment Gateway (IPG).
This innovative solution simplifies financial operations for businesses of all sizes by allowing them to accept secure card payments directly through their Xero invoices.
SNS Tech has developed a custom URL integration that seamlessly connects Xero’s invoicing system with Kina Bank’s IPG. When businesses send invoices via Xero, their customers will now see a convenient “Pay with Card” button. The button allows for secure and immediate payments using Mastercard or Visa cards.
The new integration eliminates the need for manual payment processing through multiple channels, saving businesses valuable time and resources.
Furthermore, businesses can effortlessly reconcile their accounts and track cash flow directly within their Xero accounts, leading to improved efficiency.
Security is a top priority for both Kina Bank and SNS Tech. Their custom URL integration ensures the highest level of security throughout the transaction process, protecting sensitive financial data for both businesses and their customers.
This collaboration offers benefits for both businesses and their customers. Businesses can now enjoy effortless reconciliation, improved cash flow tracking, streamlined accounting processes, and a convenient direct payment option integrated with Xero.
Customers, on the other hand, will experience a more convenient and secure way to complete transactions, leverage credit card benefits, and maintain a clear and organized transaction history for easy record keeping.
Samson Korawali, CEO & CTOof SNS Tech says “We are thrilled to launch this cutting-edge integration service,” says
“This groundbreaking innovation is proof of our commitment to providing impactful, transformative, and revolutionary solutions for Papua New Guineans.”
Ivan Vidovich, Chief Transformation Officer of Kina Bank adds “This is another great example of how Kina Bank is partnering with leading local tech companies like SNS Tech to bridge the digital gap in banking in Papua New Guinea.
“Small businesses are the backbone of communities across PNG, and developing first-to-market digital solutions to make doing business easier is further proof that Kina Bank is PNG’s leading digital bank.”
