NASFUND Contributors Savings and Loans Society launched the NCSL Poro Card and Poro Account in mid-June 2019 alongside the blue EFTPOS. This post provides information on popular questions like what is the Poro Card, where can members use it and how to apply for it.
 |
| PIC Credit: Post Courier |
What is Poro Card?
It is a domestic debit card like the BSP Kundu Card. The NCSL branded Poro Card would 'initially' be used on all NCSL EFTPOS in the country.
Here is what NCSL management said during the launching the 14th of June 2019.
"...today, we have installed over 132 [EFTPOS] terminals in 29 outlets in four regions to benefit our members" NCSL Board Chairman, Ian Tarutia
It was anticipated that there are more than 200 NCSL branded EFTPOS machines procured and distributed to the regions.
In Port Moresby, the NCSL Poro Card Holders can use their cards at the CPL outlets.
Using Poro Card
In a report by Post Courier, NCSL planned to get a business approval for its member to use their Poro Card in any EFTPOS terminal and ATM in the country.
That means that the NCSL members 'can' use their Poro Card to have instant access to their approved funds.
This was further confirmed in a latter report, quoted.
"The Poro Card can be used on BSP, Westpac and Kina Bank ATM following the recently launched retail electronic payment system (REPS) by the Bank of Papua New Guinea." NCSL Statement 23 Sept 2019
Recommended reading: NASFUND online services for members and employees
Transactions - EFTPOS and ATM
The NCSL Poro card does what any domestic debit card does:
- Change PIN
- Mobile Top-Up
- Check Balance at ATM
- Cash Withdrawal at ATM
- Use EFTPOS to purchase goods
The introduction of the Poro Card means that NCSL members can now have direct access to their loans, savings and refunds on approval. That means that the members will have to ensure that they have the approved money available in their Poro Accounts prior to accessing it through an EFTPOS or ATM.
Apply for NCSL Poro Card
NCSL members who do not have Poro card can apply for it. Here is how to apply:
- Download the PDF Poro Application Form,
- Complete it thoroughly
- Send it to porocard@ncsl.com.pg.
- Or, you can take the completed application form to the NCSL office near you.
The important document is your recent ID card. NCSL requires that applicants bring the original and photocopies of 2 IDs when submitting the application form for verification and record-keeping purposes.
Do you have accounts with Nasfund, Kina Bank, BSP or into POM stock exchange? Check out the latest Financial News, Savings and Loans, and Superannuation updates on PNG Insight.
Examples of photo IDs:
- NID ID, employee ID,
- driver's license,
- passport
- birth certificate,
- certificate of baptism,
- marriage certificate,
- school certificate,
- letter of employment
For more information or queries on Poro Card, contact NCSL on this designated email ebanking@ncsl.com.pg
