Rōpū members have highlighted three key focus areas – bolstering access to capital, improving financial literacy for Māori, and raising Māori employment in the banking sector. Along with Indigenous partners, Te Pūtea Matua partnered with other Central Banks (the Bank of Canada, Reserve Bank of Australia, and the US Federal Reserve System) to form a voluntary network.
This product is a technological solution that will provide the following key benefits:   Build up of savings: With the transfer of electronic value from Safaricom’s M-Pesa money transfer platform to a customer’s bank account, a synergetic relationship is created in terms of deposit mobilization for the bank while the customers benefit in building up their savings for future investment.