New Posta Wallet to increase economic growth in rural areas

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BY LORETTA BRIGIDIA MANELE

LAST week, Solomon Post was accompanied by Mr Martin Hine, President of Global Partnership, Bibimoney on a trip to Auki, Malaita province.

He shared his experience with the Prime Minister Rick Houenipwela on Monday during their short visit, describing it as frightening to see teachers, police officers and health workers travelling just to collect their salaries at a cost equivalent to about 25% of their salaries.

“These guys are close to Auki, what happens to the people much further away?”, said Mr Hine.

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He explained that the system will allow them to receive money without having to actually travel far to the main centers where they usually withdraw cash.

Henceforth, Mr Hine noted that if workers were getting a pay increase and receiving the money where they are while increasing economic activities and growth in their area then this is what financial inclusion is all about.

Bibimoney is a UK based Fin-Tech Company who introduced the mobile wallet service to Solomon Post last year. At the moment, they are working closely with the local corporation towards introducing the Ezi Pei mobile wallet system.

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