BSP PNG PaySecure App Authenticator for BSP Payments

The BSP PNG PaySecure App is a mobile application that provides an additional layer of security for online transactions. By turning your mobile phone or tablet into a One Time Password (OTP) generator, the app generates a unique OTP that can be used to authenticate your transactions.

Each time you use the app, it generates a new OTP that is valid for 30 seconds. This means that the OTP is only useful for a short period of time, reducing the risk of unauthorized access to your account. Once the 30-second time frame has elapsed, a new OTP will be generated, further enhancing the security of your transactions.

Bank South Pacific (BSP) safe and secure banking

In line with Bank South Pacific (BSP) commitment to providing safe and secure banking services, it has introduced the BSP PNG PaySecure App, a mobile application that generates an authentication code to ensure secure transactions while using the BSP PNG App and BSP Internet Banking.

To check out the information on BSP SME Loan Requirements and Eligibility Criteria, click here.

Features of BSP PNG PaySecure App

The BSP PNG PaySecure App is a free mobile application that turns your mobile phone or tablet into a One Time Password (OTP) generator. 

Each time you use the BSP PaySecure App, it generates a unique OTP that is valid for 30 seconds. Once the time has elapsed, a new OTP will be generated. 

This feature ensures that every transaction you make is secure, as the generated OTP can only be used once and cannot be duplicated.

The BSP PNG PaySecure App is user-friendly and easy to use. Once you have installed the app on your device, you will need to register using your existing BSP customer credentials, such as your username and password. 

Upon login, you will be prompted to create a 4-digit PIN that you will use to access the app. This PIN adds an extra layer of security to the app, ensuring that only authorized users can access it.

Benefits of Using BSP PNG PaySecure App

The BSP PNG PaySecure App provides a safe and secure way of transacting, ensuring that your transactions are protected from fraud and unauthorized access. 

It eliminates the need for physical tokens and SMS-based OTPs, which can be inconvenient and expensive.

Using the BSP PNG PaySecure App also allows you to enjoy the convenience of banking on-the-go. 

You can use the app to complete transactions, such as bill payments, fund transfers, and balance inquiries, from the comfort of your home or office, without the need to visit a physical branch.

How to Install and Log onto BSP PNG PaySecure App

To install the BSP PNG PaySecure App, you will need a smartphone or tablet that runs on either iOS or Android operating systems. 

The app can be downloaded from the App Store or Google Play Store for free.

To log onto the BSP PNG PaySecure App, you must be an existing BSP customer and have been issued a username and password. 

Once you have downloaded and installed the app, log in using your existing credentials. 

You will then be prompted to create a 4-digit PIN that you will use to access the app. Once you have created your PIN, you can start using the app to complete transactions securely.

BSP PNG PaySecure App

The app is a secure and convenient way of transacting that provides peace of mind to BSP customers. Its user-friendly interface and robust security features make it an ideal choice for customers who are looking for a safe and convenient way to complete transactions from their mobile devices. 

All in all, the BSP PNG PaySecure App offers a simple, convenient, and secure way to generate OTPs for online transactions, providing you with peace of mind knowing that your accounts are protected against unauthorized access.

For more information about the BSP PNG PaySecure App, contact BSP's Customer Service Centre at 320 1212/7030 1212, email servicebsp@bsp.com.pg, visit the BSP website at www.bsp.com.pg, or visit your nearest branch.

BSP Personal Loan Calculator Tips You Should Know

A personal loan is a popular financial product that can help you meet various expenses such as paying for a wedding, renovating your home, or funding your child's education. 

It can be challenging to know how much you should borrow and what your monthly payments will be. This is where a BSP personal loan calculator comes in handy.

BSP personal loan calculator 

BSP (Bank South Pacific) is a leading bank in the South Pacific region that offers a wide range of financial products and services, including personal loans. 

The BSP personal loan calculator is an online tool that allows you to calculate your loan repayment amount based on various parameters.

How to use the BSP personal loan calculator

Using the BSP personal loan calculator is a straightforward process. All you need to do is follow the steps below:

• Go to the BSP website: The first step is to visit the BSP website and navigate to the personal loan calculator page.

• Enter loan amount: Once you are on the personal loan calculator page, you need to enter the loan amount you want to borrow. This is the total amount you need to meet your expenses.

• Choose loan term: Next, choose the loan term, which is the period over which you will repay the loan. BSP offers loan terms of up to 5 years.

• Enter interest rate: The next step is to enter the interest rate. BSP offers competitive interest rates on personal loans, and you can find the current rate on their website.

• Click "Calculate": Once you have entered all the necessary information, click on the "Calculate" button. The calculator will then display the monthly repayment amount, including the principal and interest.

What many people don't know about the BSP personal loan calculator

While the BSP personal loan calculator is a useful tool for calculating your monthly loan repayment amount, there are a few things that many people don't know about it. 

Here are some important points to keep in mind:

• It doesn't take into account other fees: While the BSP personal loan calculator calculates your monthly repayment amount based on the loan amount, term, and interest rate, it doesn't include other fees such as application fees or processing fees. Make sure you factor in these fees when deciding on the total loan amount.
• The interest rate is subject to change: The interest rate on your personal loan is not fixed and is subject to change over time. Make sure you check the BSP website for the latest interest rates before applying for a loan.
• It's an estimate: The BSP personal loan calculator is only an estimate of your monthly repayment amount. The actual amount may vary depending on various factors such as late payments, changes in interest rates, and other fees.

The BSP personal loan calculator is a useful tool for anyone looking to apply for a personal loan. 

It allows you to calculate your monthly repayment amount based on various parameters, which can help you make an informed decision about your loan.

It's important to keep in mind that the calculator is only an estimate, and the actual loan amount may vary depending on other factors.

BSP Capital Stock Broker: How to Invest with BSP Capital

Investing in stocks can be a great way to grow your wealth and achieve your financial goals. BSP Capital is a leading investment firm in Papua New Guinea (PNG) that offers investment services for both domestic and overseas stocks. 

If you're interested in investing in PNG and overseas stocks with BSP Capital, here's a step-by-step guide on how to get started.

Step 1: Open an Account with BSP Capital

The first step to investing in stocks with BSP Capital is to open an account. You can do this by visiting their website or by visiting one of their offices in PNG. 

To open an account, you'll need to provide some personal information, such as your name, address, and identification documents.

Step 2: Fund Your Account

Once you've opened an account with BSP Capital, you'll need to fund it. You can do this by transferring funds from your bank account to your BSP Capital account. 

BSP Capital offers a variety of payment methods, including bank transfer, credit card, and mobile banking.

Step 3: Select the Stocks You Want to Buy

After funding your account, you can start selecting the stocks you want to buy. 

BSP Capital offers a wide range of domestic and overseas stocks, including companies listed on the PNG stock exchange, the Australian stock exchange, and the New Zealand stock exchange. 

You can use BSP Capital's research reports to help you make informed investment decisions.

Step 4: Place Your Order

Once you've selected the stocks you want to buy, you can place your order through BSP Capital's trading platform. 

You'll need to specify the number of shares you want to buy and the price you're willing to pay. 

BSP Capital charges a brokerage fee for every trade you make, which will depend on the value of your trade. 

You can find out more about BSP Capital's brokerage fees on their website, or visit them in person.

Step 5: Hold Your Shares

After buying your shares, you'll need to hold them in your BSP Capital account. 

BSP Capital offers a range of services to help you manage your portfolio, including regular portfolio updates, online trading, and access to research reports.

Step 6: Sell Your Shares

If you want to sell your shares, you can do so through BSP Capital's trading platform. 

You'll need to specify the number of shares you want to sell and the price you're willing to accept.

BSP Capital will charge a brokerage fee for every trade you make, which will depend on the value of your trade.

Required Forms to Fill

To open an account with BSP Capital, you'll need to fill out an account opening form. 

This form will require you to provide personal information, such as your name, address, and identification documents. 

You may also need to fill out additional forms depending on the type of account you're opening.

Assistance and Office to Visit

If you need assistance with opening an account or trading stocks, you can contact BSP Capital's customer service team. 

They can provide you with information on brokerage fees, trading platforms, and investment opportunities. 

You can also visit one of BSP Capital's offices in PNG to speak with a representative in person.

Important Details About Shares Investment with BSP Capital in PNG

Investing in shares with BSP Capital in PNG can be a great way to grow your wealth and achieve your financial goals. 

However, it's important to understand the risks involved. Here are some important details to keep in mind:

Risk and Reward

Investing in shares can be risky, as share prices can be volatile and can go up or down in value. However, investing in shares can also be rewarding, as you can earn dividends and capital gains if the share price increases.

Diversification

It's important to diversify your portfolio by investing in a range of different shares. This can help reduce your overall risk, as not all shares will be affected by the same economic or market conditions.

Research

Before investing in any shares, it's important to do your research. This can include reading company reports, financial statements, and news articles. BSP Capital also provides research reports that can help you make informed investment decisions.

Brokerage Fees

BSP Capital charges a brokerage fee for every trade you make. This fee will depend on the value of your trade and can be found on their website. It's important to factor in these fees when making investment decisions.

Tax Implications

Investing in shares can have tax implications. It's important to understand the tax rules in PNG and overseas where you're investing. BSP Capital can provide you with information on tax implications for your investments.

Investment Goals

Before investing in shares, it's important to determine your investment goals. Are you investing for the short term or the long term? What is your risk tolerance? These factors will influence your investment decisions.

Conclusion (BSP Capital PNG)

Investing in shares with BSP Capital in PNG can be a great way to grow your wealth and achieve your financial goals. 

By following the steps outlined in this guide, you can start investing in domestic and overseas shares today. It's important to remember that investing in shares involves risk, so it's important to do your research and diversify your portfolio. 

BSP Capital provides a range of services to help you manage your investments, including research reports, online trading, and portfolio updates. With the right approach and guidance, investing in shares can be a rewarding experience.

BSP SME Loan Requirement and Eligibility You Should Know

Small and Medium Enterprises (SMEs) play a significant role in the economic development of Papua New Guinea. As such, the Bank of South Pacific (BSP) offers a range of financial products and services specifically designed for SMEs. 

One such product is the BSP SME Loan, which provides financing for business activities such as working capital, expansion, and asset purchases. 

In this article, we will explore the requirements and eligibility criteria for obtaining a BSP SME Loan.

Check out the information on BSP PaySecure App, click here.

BSP SME Loan Eligibility Criteria

To be eligible for a BSP SME Loan, applicants must meet the following criteria:

• Business Registration: The business must be registered with the Investment Promotion Authority (IPA) or the relevant government agency.

• Business Experience: The applicant must have at least two years of business experience in the same industry.

• Credit History: The applicant must have a good credit history with no defaults or outstanding debts.

• Collateral: The applicant must have collateral to secure the loan.

• Business Plan: The applicant must provide a comprehensive business plan that outlines the purpose of the loan, the projected cash flow, and the repayment plan.

BSP SME Loan Requirements

To apply for a BSP SME Loan, applicants must provide the following documents:

• Business Registration Certificate: This is a legal document that proves that the business is registered with the relevant government agency.

• Bank Statements: The applicant must provide at least six months of bank statements that show the business's financial history.

• Financial Statements: The applicant must provide a profit and loss statement and balance sheet for the last two years.

• Tax Returns: The applicant must provide the latest tax returns for the business.

• Collateral Documents: The applicant must provide documents that prove ownership of the collateral being offered to secure the loan.

• Business Plan: The applicant must provide a comprehensive business plan that outlines the purpose of the loan, the projected cash flow, and the repayment plan.

Loan Amount and Repayment Terms

The BSP SME Loan provides financing of up to PGK 1,000,000 with a repayment period of up to five years. The interest rate is fixed for the entire loan period, and the loan can be secured or unsecured, depending on the collateral provided.

The repayment terms for a BSP SME Loan are flexible, with repayment options including weekly, fortnightly, or monthly payments. 

The loan can also be repaid in full at any time without penalty.

BSP SME Loan is an excellent financing option

The BSP SME Loan is an excellent financing option for small and medium enterprises in Papua New Guinea. 

To be eligible for the loan, applicants must meet the eligibility criteria and provide the required documents. 

The loan provides flexible repayment terms, and the loan amount can be used for various business activities. 

If you are a small or medium business owner looking for financing options, the BSP SME Loan might be the right fit for you.

5 Things about BSP SME Loans that not many people know

1. BSP SME Loan offers a grace period: One of the unique features of the BSP SME Loan is that it offers a grace period of up to six months. This means that the borrower can defer the principal repayment for up to six months, which can help ease the initial burden on the business's cash flow.
2. The loan can be used for refinancing: Many people are unaware that the BSP SME Loan can also be used for refinancing existing loans from other financial institutions. This can be an excellent option for businesses looking to consolidate their debts and simplify their loan repayment process.
3. BSP SME Loan provides access to business advisory services: BSP offers business advisory services to its SME loan customers, which can help them improve their financial management and business performance. These services include financial planning, cash flow management, and business strategy development.
4. The loan amount can be used for various purposes: While the BSP SME Loan is primarily designed for working capital, expansion, and asset purchases, many people are not aware that it can also be used for other business purposes, such as marketing and promotional activities.
5. BSP SME Loan offers a range of repayment options: In addition to the flexible repayment terms, BSP SME Loan also offers a range of repayment options, including direct debit, BSP online banking, and BSP mobile banking. This provides convenience and flexibility to borrowers, allowing them to choose the repayment method that best suits their needs.

Conclusion

The BSP SME Loan is a financial product offered by Bank of South Pacific specifically designed for small and medium enterprises. 

The eligibility criteria for the loan include business registration, credit history, collateral, business experience, and a comprehensive business plan. 

Required documents include bank statements, financial statements, tax returns, and collateral documents. 

The loan amount is up to PGK 1,000,000 with flexible repayment terms and a fixed interest rate for the entire loan period. A

BSP SME Loan offers a grace period, access to business advisory services, and a range of repayment options. It can also be used for various business purposes, including refinancing existing loans.

PNG BSP Bank: A Guide to BSP Online Banking, Business Banking, and Customer Service

Bank of South Pacific (BSP) is a major banking institution in Papua New Guinea (PNG) that offers a range of financial products and services, including online banking and business banking. BSP has been providing financial solutions to individuals, small and medium enterprises, and large corporations in PNG for over 60 years. 

In this article, we will delve into the various aspects of BSP, including its

• online banking services, 
• business internet banking, 
• customer service, and 
• the advantages and disadvantages of banking with BSP.

Check out the information on BSP PaySecure App, click here.

BSP Online Banking PNG

BSP's online banking service provides a secure and convenient way to manage your finances anytime, anywhere. 

With BSP online banking, you can access your accounts, view your transaction history, transfer funds, pay bills, and much more. 

To get started with online banking, you need to register for BSP's Internet Banking service by visiting a BSP branch or by calling their customer service hotline. 

Once you have registered, you can access the service from the BSP website or through the BSP mobile app.

BSP Online Business Banking

BSP's online business banking service is designed to meet the financial needs of small and medium enterprises (SMEs) and large corporations. 

This service allows businesses to manage their finances in a secure and efficient manner, with features such as 

• account management, 
• fund transfers, 
• bill payments, and 
• payroll services. 

BSP's online business banking service is available 24/7 and can be accessed from anywhere with an internet connection.

BSP Business Internet Banking

BSP's business internet banking service is a comprehensive financial management tool for businesses of all sizes. 

This service provides businesses with a secure platform to manage their finances, including account management, fund transfers, bill payments, payroll services, and more. 

BSP's business internet banking service also allows businesses to monitor their cash flow and manage their finances more effectively.

BSP Customer Service

BSP is committed to providing excellent customer service to its clients. The bank has a dedicated customer service team that is available 24/7 to assist clients with any banking-related queries or concerns. 

BSP's customer service team can be reached through their customer service hotline, email, or by visiting a BSP branch. 

It also provides its clients with access to a range of educational resources, including financial literacy programs, to help them manage their finances more effectively.

Advantages of Banking with BSP

There are several advantages to banking with BSP. Firstly, BSP has a wide network of branches and ATMs throughout PNG, making it easy for clients to access their funds and manage their finances. 

BSP also offers a range of financial products and services to meet the diverse needs of its clients, including personal and business loans, savings and investment accounts, insurance products, and more. 

It is also committed to providing excellent customer service and ensuring the security and privacy of its client's information.

Disadvantages of Banking with BSP

Despite its many advantages, there are also some disadvantages to banking with BSP. One of the main drawbacks is that BSP's fees and charges can be higher than those of other banks in PNG. 

Additionally, BSP's online banking services can sometimes experience technical issues, which can cause inconvenience for clients. 

Finally, BSP's customer service can sometimes be slow in responding to queries or concerns.

Why Use BSP Online Services

BSP's online banking services offer several benefits, including convenience, security, and flexibility. 

With BSP's online banking services, clients can manage their finances from anywhere with an internet connection, at any time of the day or night. 

BSP's online banking services are also secure, with advanced encryption and authentication protocols to protect clients' information. 

Its online banking services are flexible, allowing clients to customize their banking experience to meet their individual needs and preferences.

BSP is a leading financial institution in PNG that provides a range of financial products and services, including online banking and business banking. 

Its online banking services offer clients a convenient, secure, and flexible way to manage their finances, while its business banking services are designed to meet the diverse financial needs of businesses of all sizes.

Although there are some disadvantages to banking with BSP, such as higher fees and technical issues with online banking, BSP's commitment to excellent customer service, financial literacy programs, and secure online banking make it a top choice for many individuals and businesses in PNG.

In conclusion, if you are looking for a reliable and trusted financial institution in PNG, BSP is an excellent choice. With its comprehensive range of financial products and services, commitment to excellent customer service, and secure online banking options, BSP is well-positioned to help you achieve your financial goals.

BSP PIN: How to change Bank South Pacific PIN at ATM

Change BSP PIN at ATM

Bank South Pacific (BSP) stated that it is important to change the 4 digits pin number regularly as a security measure.

But it can also be frustrating if you keep changing your BSP pin number and forget it. 

So before you change your pin at the ATM, make sure you use number combinations that you can remember. 

Find out how to register for BSP Mobile Banking

How to change your BSP PIN at ATM

• Step 1. Insert your BSP card.
• Step 2. Choose a language.
• Step 3. Enter your current PIN.
• Step 4. Choose other services.
• Step 5. Select change pin.
• Step 6. Enter new PIN.
• Step 7. Re-enter the new PIN.
• Step 8. Congratulation message will show on the ATM screen.
• Step 9. Collect your card.

Protect your BSP card and PIN

As a precaution, refrain from writing your new PIN where someone can see it. KEEP IT SAFE. The best place to save your new PIN is in your head.

If you have changed your BSP PIN in the past, let us know below.

Some useful articles for you:

1) How to make money on YouTube

2) 5 Mobile Phone Codes to Make Your Friends Go WOW

3) 5 Popular Apps in PNG in 2021/2022

4) How to Make Money Using Your Mobile Phones

5) How to Send and Receive Free Credits

6) Download PNG Music For Free Apps

BSP Service Fee Charges Clarified - Updated

A few years ago Bank of South Pacific (BSP) had ~12 transactions/service fees that were passed onto customers to pay. This was recently posted on by The Sun (15 June 2019) Facebook page. At the time of this post, the BSP Service Fees on Facebook received 111 comments and 182 shares.

This was reposted on Twitter (see below) and received an overwhelming reaction, too.

BSP SERVICE FEES

1. Branch Withdrl K3.00
2. Acc Maintnce K3.00
3. Branch Dep K3.00
4. Check Bal K0.50
5. Transfer K2.00
6. Mini Stmnt K0.75
7. Dep K3.00
8. Withdrl (ATM) K0.50
9. Withdrl (Counter) K4.00
10. Cheq Dep K7.00
11. SMS Banking K1.50
12. Acc maintnce K10.00

The Sun|PNG

— P.N.G. Insight (@PNG_Insight) June 15, 2019

The BSP CEO clarified that many of the charges were no longer effective. In his media response, he said that BSP 'reduced and removed a number of banking fees' (National, 17th June 2019).

Changes to Fees/year

• Removed Cheque fee/2015 - K2.50
• removed Annual Visa Debit Card Fee/2017 - K100
• Removed Dormant fee account/2018-?
• Removed Statement mailing fee/2018-?
• Reduced Eftpos Merchant Commission-?
• Removed branch deposit fee Kundu standard Account-?

? Means fees not indicated in the media report.

These changes saved customer K50 million. It means that it could have been the amount BSP had collected, cumulatively, from the customers had the fees were not removed.

Here is the response from the BSP CEO

According to the report above, the following are the latest fees for using BSP banking services. Note that BSP has two products that carry different service fees.

Find out about How to Change Your BSP PIN at the ATM

Two BSP products

1. Kundu Package Account

• Monthly fee charged K9.50
• Mobile top-up K0.50
• Esi-Pei Top-up K0.50
• Airline Ticket payment Mobile Banking K2.50
• No Teller Service fee
• Majority of transactions are free

2. Kundu Standard Account

• Mobile Banking Transactions  K0.50
• Eftpos transactions K0.25
• Airline Ticket purchase Mobile Banking K2.50
• Withdrawal with a teller K4.00
• Withdrawal (ATM) K0.50
• Withdrawal (another Bank ATM) K2.50
• No monthly fee
• No deposit fee
• No dormant fee
• Charges per other transaction

Perhaps it is important to note that BSP had responded to the sentiments shared about the different fees it passed onto customers, both past and present. The point here is that any BSP customer must be aware of the different fees charged by their bank. 

And, appreciate the fact that they are actually paying certain amount of money from their bank accounts when they are performing a transaction.

How to register for BSP Mobile Banking App

Visit your nearest BSP branch to register for mobile banking. You must bring the required documents with you.

Documents you need to register for BSP mobile banking 

Here’s what you need to bring with you;

1. Complete an application form

2. Provide valid ID

3. Bring along your Mobile Phone

Steps to register 

• First, register by following the three steps above. You'll be provided with login details.
• Second, download the app and install it on your mobile phone. Then, activate the app.
• Final step is when you get to sign in using the login details provided to you.

Always secure your password and user names using a combination of characters only you can recall. Never disclose your login credentials to anyone.

Find out about How to Change Your BSP PIN at the ATM