Nasfund, MiBank, and NBPOL roll out mobile branch and Eda Supa for Oil Palm growers via Starlink

Nasfund, MiBank, and New Britain Palm Oil Limited (NBPOL) have initiated a collaborative effort to broaden superannuation coverage and encourage long-term savings among oil palm growers and smallholder farmers across Papua New Guinea. This joint initiative introduces a mobile branch service and the "Eda Supa" savings product, designed to reach farmers in remote areas.

The program leverages Starlink satellite internet to ensure connectivity for the mobile operations, facilitating access to financial services for a demographic that has historically faced challenges in participating in formal savings schemes. By bringing these services directly to the growers, the initiative seeks to overcome geographical barriers and promote financial inclusion.

The rollout signifies a commitment from the partner organizations to support the economic well-being of Papua New Guinea's agricultural sector. Expanding superannuation coverage is crucial for ensuring financial security for farmers during their retirement years, while promoting savings culture can help them manage financial needs and invest in their future.