More than 70 employees at the University of Papua New Guinea (UPNG) formed the first cohort to complete a series of Financial Basics for My Business sessions delivered by Westpac PNG in March, as part of the bank’s ongoing commitment to building financial capability across Papua New Guinea’s workforce and communities.
Delivered over three days during the month and coordinated through UPNG’s Student Services division, the sessions introduced participants to foundational business finance concepts, including cash flow management, separating personal and business finances, record-keeping, saving for business growth, and accessing formal financial services. The sessions were tailored to meet the real-world needs of staff who may operate small to medium-sized businesses or income-generating activities alongside their university roles — a common reality for working Papua New Guineans.
The Westpac PNG Community Engagement team facilitated the sessions in an interactive, practical format designed to make financial concepts accessible and immediately applicable. The programme reflects Westpac PNG’s broader vision of financial inclusion, ensuring that every Papua New Guinean, regardless of background, has the knowledge and tools to participate confidently in the formal economy. Participants were awarded certificates upon completion of the workshop.
Westpac PNG Chief Executive Andrew Cairns, commenting on the initiative, said: “At Westpac PNG, we believe financial literacy is the foundation of economic empowerment. These sessions for UPNG employees are about more than banking. They are about giving people the skills and confidence to grow their livelihoods, protect their families, and build stronger businesses. We are proud to bring this programme to one of Papua New Guinea’s most respected institutions.”
UPNG Vice-Chancellor Professor Ian Findlay also commended the partnership, highlighting the long-term impact of financial education: “The University of Papua New Guinea recognises the importance of financial literacy. It empowers people to take control of their finances and make informed decisions, creating a more secure future. It enables staff and students to budget effectively, plan ahead, build financial security, and avoid scams. Such knowledge can be life-changing, supporting a comfortable retirement rather than one burdened by debt and worry.”
Westpac PNG said it looks forward to continuing its partnership with UPNG and expanding similar programmes to support stronger households, resilient small businesses, and a more financially confident Papua New Guinea, now and into the future.
Westpac PNG’s Financial Literacy Program is delivered in partnership with communities, schools, universities, churches and workplaces across Papua New Guinea. Sessions cover personal finance, savings, business basics and digital financial skills. The programme is part of Westpac PNG’s commitment to financial inclusion and community development, ensuring all Papua New Guineans have access to the financial knowledge they need to thrive.
