"BSP's new SME Business VISA Card uses contactless technology and security and can be used anywhere within PNG or the world where VISA is accepted", said BSP Group General Manager - Retail, Paul Thornton, when launching the new card.
In introducing the new BSP SME VISA Card for its customers, Mr Thornton said, "the card is specially designed for our SME clients who hold SME Current Account and SME Package Accounts. A BSP customer under these accounts is eligible for the new SME VISA Card."
The upgraded SME VISA Cards will replace all existing Smart Business Cards.
The new BSP SME VISACard will empower and enable small business owners to make safe, reliable and convenient payment from their business account.
"The SME VISA card will help enable start-ups and SME customers to seamlessly manage their daily operations, conveniently pay for goods and services, secure excess funds and build a financial footprint to enable access to credit for expansion."
"It also allows them to access their business accounts remotely around the clock and around the world or purchase goods and services, and cover business and travel expenses at merchants worldwide directly from their business account where VISA is accepted," said Mr Thornton.
Mr Thornton also added that the SME VISA Card also saves the small business owner's time and money by allowing them to check their account balance, request cash-outs and request a mini statement at BSP EFTPoS and ATM or using any other bank's ATM or EFTPoS in PNG or overseas where the VISA logo is displayed, as an accepted card.
For card transactions under K50.00, BSP SME customers can purchase goods and services using the 'Touch & Go' option with no need for a PIN.
"As a leading bank in the Pacific, BSP continues to offer a range of banking products and services to aid Small businesses manage operations, conveniently do purchases and securely access funds and expand footprints, " concluded Mr Thornton.