Westpac is proud to reaffirm its position as a pioneer in financial services across the Pacific by continuing its long-standing partnership with Verifone, a global leader in payment technology. This partnership, established in 2016, underscores Westpac's commitment to delivering innovative and efficient payment solutions to businesses in Papua New Guinea.
As the first to market with Verifone terminals, Westpac is already leading the way in the Pacific region. We will further enhance our offerings by introducing an uplifted version of our Point of Sale (POS) solutions, ensuring that our customers continue to benefit from the latest technology and innovations by the end of 2025.
This strategic move solidifies Westpac's leadership in the Pacific region, leveraging its extensive relationship with Verifone to deliver market-leading solutions. Westpac intends to uplift its financial offerings with these advanced technologies, ensuring businesses have access to the most sophisticated payment tools available. Westpac's investment in this partnership highlights its dedication to supporting local businesses by providing them with the tools they need to thrive in a competitive market.
The partnership with Verifone has enabled Westpac to offer a comprehensive suite of payment solutions that support multiple payment methods, including credit/debit cards and contactless payments. Verifone's mobile POS devices allow businesses to process payments on the go, making them ideal for retail spaces, restaurants, and other mobile environments. Westpac also offers multicurrency EFTPOS and settlement into foreign currency accounts, a market differentiator that supports Papua New Guinea's diverse business needs. Additionally, the Dynamic Currency Conversion (DCC) feature enhances the shopping experience for tourists and international clients.
In addition to the existing functionalities, Westpac is set to introduce enhanced POS integration capabilities and an online reporting portal as part of the upcoming uplifted functionalities. This will provide businesses with a more streamlined and efficient way to manage their transactions, access detailed reports, and optimise their operations. The integration will enable seamless communication between POS systems and Westpac's payment solutions, while the online portal will offer real-time insights and analytics to help businesses make informed decisions.
Westpac's Verifone solutions bring increased efficiency, enhanced security, and significant time savings to businesses. The company has listened to the needs of businesses and responded with valuable solutions that meet their evolving requirements. Westpac is committed to continuously improving and expanding its payment solutions, ensuring that businesses in Papua New Guinea remain competitive and thrive in the global market.
"We are proud of our long-standing partnership with Verifone, which has enabled us to bring marketleading technology to Papua New Guinea," said Warren Bobin, Westpac's Acting Chief Executive. "Our commitment to innovation and customer satisfaction drives our efforts to continuously improve and expand our payment solutions, ensuring that businesses in Papua New Guinea remain competitive and thrive in the global market."
By reinforcing its position as a trusted financial partner in the Pacific region, Westpac underscores its dedication to supporting the growth and success of local businesses through innovative payment solutions.
