Nationwide Microbank Limited trading as MiBank located in Papua New Guinea, is the largest microfinance institution in the South Pacific. It delivers modern, affordable savings and loan facilities to ordinary Papua New Guineans. Our aim is to furnish financial services to micro and small businesses throughout Papua New Guinea.
In late 2011 MiBank implemented the first Bank led deployment of a Mobile Wallet in the South Pacific, called MiCash. As a result in 2012 it was awarded the PNG Institute of Directors Innovative Company of the Year.
In 2013 the Bank introduced a Microinsurance Product called MiLife which bundled with the MiCash Mobile Money product, provides term life insurance for grass roots Papua New Guineans. In 2014 the Bank introduced a foreign currency payment service called Mifx.