PNG Moving into a Cashless Society

By : Post Courier

 

Papua New Guinea’s remote areas are now moving from traditional communities to the modern economy in the space of one generation, which is an enormous challenge.

APEC Minister Justin Tkatchenko said advances in mobile phone technology were already enabling people in Papua New Guinea and around the world to manage their finances without having to carry cash.

And this will be the topic of discussion in today’s session, with the aim to address the challenges PNG faces, and to develop solutions that authorities and its government can apply in communities throughout the APEC region.

“I am particularly interested in looking at how our economies can move to a cashless society – using modern technologies,” he said.

“Advances in mobile phone technology is already enabling people in Papua New Guinea, and around the world, to manage their finances without having to carry cash.

“Our people can pay their electricity bills and make purchases simply by using their mobile phones. But for economies like Papua New Guinea, particularly in remote areas that are moving from traditional communities to the modern economy in the space of one generation – this is an enormous challenge.

“That is the whole point of this symposium today – to address the challenges we face, and to develop solutions that we can apply in communities throughout the APEC region. I am confident that this symposium, with its impressive line-up of subject matter experts, will set the foundations upon which we can advance APEC’s ongoing agenda.”

“Then for upcoming SOMs, I hope you can see other locations and people around Papua New Guinea – from the Highlands to the Islands.

“May you have fruitful discussions during the course of the following year.

“I look forward to welcoming you and your leaders in November 2018 to Port Moresby for the Leaders’ Summit.

“Our Melanesian culture dictates that we make your stay here in Papua New Guinea as comfortable, enjoyable and productive as possible.”

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