PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599825

Primary Business Area

Access To Finance

Disclosure Date

Mar 9, 2014

Country

Papua New Guinea

Region

East Asia and the Pacific

IFC Approval Date

Feb 12, 2014

Status

Completed

Estimated Total Budget

$1,557,217.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2018

Project Estimated End Date

Sep 30, 2016

Project Description

This project will support Westpac in the following areas: 1. Project roll-out and distribution strategy -- validating its business plan, testing the business model and making necessary adjustments to ensure learnings are incorporated. 2. Agent network development and management, infrastructure rollout and customer acquisition -- develop and implement strategies to acquire merchants and customers, and increase the number of merchants who have active in-store banking operations. 3. Improve customer financial literacy -- design, develop and subsequently deliver a financial literacy program for ongoing education to all active mobile customers.

Development Results

E&S Risks / Impacts and Mitigation