Kina Bank has officially entered the next phase of its digital strategy with the launch of the Pei Beta Digital Wallet, an upgrade designed to streamline how Papua New Guineans handle their money.
Launched on Friday (April 10), the wallet transforms the previous Pei Beta bill payment platform into a comprehensive financial tool that for customers to make instant peer-to-peer transfers using phone numbers, utilize QR codes for merchant purchases, and access cash out services at registered locations.
Kina Bank CEO and Managing Director, Ivan Vidovich said that the upgrade is a direct response to the growing demand for mobile-first financial solutions in the region.
“We are pleased to introduce the Pei Beta digital wallet as part of our commitment to delivering innovative banking solutions that support the everyday needs of Papua New Guineans,” Vidovich said.
While the wallet currently integrates seamlessly with Kina Bank’s existing online credentials, the bank has ambitious plans to bridge the gap between financial institutions.
Shirly Prasad, Executive General Manager for Payments and Digital Banking, stated that the platform was built on a foundation of speed and inclusivity.
“Pei Beta focuses on providing greater convenience for customers through quicker, instant transactions. This new digital wallet is now available to existing Kina Bank customers, with plans to extend access to customers of other banks via our proprietary digital onboarding solution,” she said.
Key features of the new wallet include:
- Instant Transfers: Wallet-to-wallet payments for family and friends.
- Utility & Mobile Top-ups: Direct payments for PNG Power Easipay and credits for Digicel, Vodafone, and BMobile.
- Merchant Payments: Secure QR code scanning at participating vendors with low merchant fees.
The Pei Beta app is now available for download on the Google Play Store and Apple Store. Customers from other banks are encouraged to register their interest as the bank prepares to open the ecosystem to the wider public.
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