Businesses in Papua New Guinea (PNG) Embrace Secure Online Payments with New Fintech Partnership18/4/2024
Businesses in Papua New Guinea (PNG) are now able to accept secure online payments with ease, thanks to a recent partnership between Kina Bank, a leading digital bank, and SNS Tech, an innovative technology provider. This collaboration aims to simplify and secure payment processes for businesses across PNG, marking a significant development in the rapidly evolving fintech sector in the Pacific region. The partnership involves the integration of Xero, a popular cloud accounting platform, with Kina Bank's Integrated Payment Gateway (IPG). Through this integration, businesses of all sizes can 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. As a result, when businesses send invoices via Xero, their customers will now see a convenient "Pay with Card" button, enabling secure and immediate payments using Mastercard or Visa cards. This innovative solution eliminates the need for manual payment processing through multiple channels, saving businesses valuable time and resources. Additionally, it allows businesses to effortlessly reconcile accounts and track cash flow directly within their Xero accounts, leading to improved efficiency. Security remains a top priority for both Kina Bank and SNS Tech. Their custom URL integration ensures the highest level of security throughout the transaction process, safeguarding sensitive financial data for businesses and their customers. The collaboration between Kina Bank and SNS Tech offers numerous benefits for businesses and customers alike. Businesses can enjoy effortless reconciliation, improved cash flow tracking, streamlined accounting processes, and a convenient direct payment option integrated with Xero. Customers 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 & CTO of SNS Tech, expressed enthusiasm for the launch of this cutting-edge integration service, emphasizing its transformative impact on Papua New Guineans. Ivan Vidovich, Chief Transformation Officer of Kina Bank, highlighted the bank's commitment to bridging the digital gap in PNG's banking sector. He emphasized the importance of developing digital solutions to facilitate easier business transactions, particularly for small businesses, which are integral to communities across PNG. The collaboration between Kina Bank and SNS Tech marks a significant step forward in facilitating secure and streamlined online payments for businesses in Papua New Guinea. With a focus on innovation and security, this partnership aims to enhance the efficiency and convenience of financial transactions, supporting the growth and development of businesses across the country. Also read Comments are closed.
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