Mobile banking and branchless banking requires transport, power, and communication infrastructure. Eg. The Namatanai sub-branch of a bank closed down due to communication and power problems despite transport linkages (road and sea). There is no communication between Dogura and Alotau for an ordinary mobile phone call, so how can one undertake mobile (branchless) banking without communication infrastructure.
We need to raise productivity to keep unit cost competitive. Predictability and certainty in government polices and their implementation is also important. We also need a sound and efficient financial system. Economic fundamentals First, let’s look at our economic fundamentals and here I am referring to inflation, the balance of payments and government debt.