ATM

Armed thugs rob ATM

Milne Bay Acting Provincial Police Commander, Chief Inspector George Baiyagau, said the robbers targeted the estate’s BSP ATM machine and made away with cash in the ATM.

Chief Inspector Baiyagau said the robbery took place at 3am.

He said the seven fully armed suspects used a chainsaw to cut through the estate’s wooden fence to gain access, then held up the security guards and proceeded to use the chainsaw to cut open a shop’s door.

They then used the chainsaw again to cut around the wall that was holding the BSP ATM, which was in the store.

ANZ installs ATM at Jackson’s airport

ANZ PNG CEO Mark Baker said: “Great news for those traveling domestically, particularly throughout the festive season, as its location inside the terminal provides a safer but also more affordable option when withdrawing cash at the airport. 

“This is a part of our ongoing efforts to make banking simpler and convenient for our retail customers in PNG.”

The new ATM is located on the ground floor directly opposite the security check point inside the Domestic Departure Terminal. 

Manus ATM out of cash

 Since the festive period, the bank’s ATM machines have run short of money, causing inconvenience to the people of the small island province.

The main ATM machines at the BSP Branch in Lorengau, have not been operating as normal due to shortage of cash.

Even customers lining up inside the main bank to withdraw cash have been told on several occasions by bank tellers that withdrawal will not be possible and that they have to wait for deposits to be made in order to have sufficient cash for withdrawal.

Financial services lacking in rural areas

A new joint report by the Bank of Papua New Guinea and World Bank has revealed differences between how rural and urban Papua New Guineans are managing their money and how they access financial services.

The report is calling for improvements in expanding financial services, such as banking and insurance services to rural areas and to women in general.

The report also highlighted the need to develop targeted financial education programs.