Partnership to spur remittance growth

By Gutu Faasau 10 June 2023, 11:00AM

KlickEx Pacific and South Pacific Business Development (S.P.B.D.) have announced a partnership to enable more Samoans abroad to send money home from Australia and New Zealand. 

KlickEx C.E.O. Ben Kealy said they are delighted to go into a partnership with the S.P.B.D. which he said will provide new pathways for Samoans abroad to send money home in an efficient and cost-effective way. 

“We love the work that S.P.B.D. is doing in Samoa and believe that enabling the money transfer corridors will only further help expand their impact and footprint in Samoa and the other markets they operate in," Mr. Kealy said.

S.P.B.D. Microfinance, in partnership with KlickEx Pacific, will offer a safe and transparent digital payment ecosystem that allows users in New Zealand and Australia to send and receive money in Samoa.  The new money transfer service will commence on 1 July 2023 with an online portal for money transfers from abroad through spbd.klickexpacific.com

Speaking during the launching on Wednesday, the S.P.B.D. Microfinance Network founder and President, Greg Casagrande said he was pleased to be spearheading positive change in the region's financial landscape.

"As a Pacific Island microfinance business, financial inclusion is critical to S.P.B.D. and we need to ensure that family and friends here and abroad can get money back home safely and cost-effectively," said Mr. Casagrande. "Enabling money transfers from New Zealand and Australia is a great way to further help our members as well as the broader public in Samoa.

“This launch is the result of incredible teams working together over the past few months, and although I can’t thank them all individually, I would like to thank the S.P.B.D. and KlickEx teams and say a special fa’afetai tele lava for the support and commitment from the Central Bank of Samoa.”

S.P.B.D. and KlickEx will provide cash-out agents for the money transfer service via the two S.P.B.D. outlets at Salelologa and the S.N.P.F. Plaza, Savalalo.  

The S.P.B.D. provides meaningful economic opportunities to low-income women so they can make significant improvements in their lives. It is dedicated to eradicating poverty and empowering members to start, grow and maintain sustainable, income-generating enterprises, build assets, and finance home improvements and childhood education. Founded in 2009, KlickEx is a payments infrastructure focused on providing cross-border transfer services and has been dedicated to its pursuit to provide Digital Financial Inclusion to the Pacific to allow consumers to send money back home to the islands from Australia and New Zealand. It also operates in Tonga, Fiji, Vanuatu and the Cook Islands.  

By Gutu Faasau 10 June 2023, 11:00AM
Samoa Observer

Upgrade to Premium

Subscribe to
Samoa Observer Online

Enjoy unlimited access to all our articles on any device + free trial to e-Edition. You can cancel anytime.

>