BSP INVESTS K1.2 BILLION INTO DIGITAL BANKING FUTURE

CAPTION: Chairman of BSP Financial Group, Robert Bradshaw

BY RAYLEEN WANJIMAN

THE Chairman of BSP Financial Group, Robert Bradshaw says the bank is investing K1.2 Billon into a major multi-year modernization program aimed at transforming banking services across Papua New Guinea and the South Pacific.

Speaking at BSP’s 2026 Annual General Meeting this morning Bradshaw said the investment will improve customer experience for both retail and business clients while supporting long-term growth.

He says the banking sector is rapidly changing due to technology, artificial intelligence, smartphones, and the growing online economy.

Bradshaw says customer expectations are also evolving, requiring BSP to modernize its systems and expand digital services.

The mobile banking platform allows customers, especially those in remote communities, to send, save and access money safely using basic mobile phones without needing a bank account.

BSP says the investment will also support branch upgrades and improved banking access across communities in PNG and the Pacific.