Retail Electronic Payments System (REPS) Monthly Statistics Updates

National Switch Statistics

The Payment Systems Department runs two mission-critical systems for the continued operation of business and consumers in PNG, with the support of other departments of the bank.  The two systems are Kina Automated Transfer System (KATS) and Retail Electronic Payment System (REPS), which are operated by a dedicated group of employees who ensures their smooth operations. The inability of the payment systems, either KATS & REPS to process payments effectively and efficiently could disrupt nationwide economic activity. 

What does REPS Process? 

REPS processes card-based transactions using ATMs and EFTPOS terminals. The six members of REPS include commercial banks, microbanks and Savings and Loan organisations. They are BSP, Westpac, Kina Bank, NCSL, MiBank and PMBL. Any ATM or EFTPOS terminal offered by a REPS Member (excluding ATM’s of PMBL will be added in second half on 2020) is open to the local debit cards offered by any other Member. This means a card issued by any of these Members can be used at other REPS Member device making in-store payments easy and access to cash available at virtually all ATMs and EFTPOS counters in PNG.

REPS is a 24/7 system. It operates 24 hours a day, 7 days a week – every day of the year. If people need to make a card-based payment on the weekend or after business hours REPS processes the transaction. An important transaction offered by REPS (and local debit cards) is the EFTPOS Purchase + Cashback. This allows people to make a card payment at a shop and get cash at the same time. 

When did REPS Go-Live? 

The Retail Electronic Payments System (REPS), with the National Switch at its core, commenced operation on 21st July 2019, with three inaugural members, namely BSP, Kina Bank and NCSL and three more institutions joined on 1st September. They were Westpac Bank, PMBL and MiBank. This brings the total of six (6) financial institutions connected to National Switch. Another important development during the period was the acquisition of ANZ Bank Retail Customers by Kina Bank on 23rd September, which resulted to a significant increase in volumes processed by the National Switch. 

After the launch in July 2019, REPS continued to deliver improved access with minimal disruptions and processed over 16 million chargeable transactions (excluding balance enquiries), valued at K2.88billion to December 2020. The Project Team has completed the plans for the remainder of the first phase to add payments initiated through mobile channels and more members joining to improve access and increase competition.

In addition to the National Switch REPS introduced a new multi-lateral operating agreement, fees and rules as well as updated policies to provide improved safety and stability for retail payments.

Refer to REPS Statistics and Charts below.

Statistics from all Participating Institutions

(BSP, Kina, NCSL, WPC, MiBank & PMBL)

Total Values and Volumes Processed by National Switch

PERIOD VOLUMES  CUMU-LATIVE VALUES  
  Automated Teller Machine (ATM) Point of Sale (POS)  

 Charge-able Volumes1

 

 Chargeable Cumulative Industry Volumes

 

 Cumulative Total Volumes

K’ Million  
Month With- drawal Bal Enq (Not charged) Cumu-lative Bal Enq Purch & Cash Back Purchase  
2019
July2 894 483 483 870 2,836 4,600 4,600 5,083 0.92  
August 3,204 1,998 2,481 2,847 9,721 15,772 20,372 22,853 4.39  
September3 146,216 85,246 87,727 224,816 329,624 700,658 721,030 808,757 124.57  
October4 221,732 123,180 210,907 301,764 474,973 998,469 1,719,499 1,930,406 302.50  
November 223,217 135,236 346,143 290,022 459,192 972,431 2,691,930 3,038,073 476.39  
December 256,893 165,796 511,939 342,080 533,208 1,132,181 3,824,111 4,336,050 693.60  
2020  
January  234,161  137,836  649,775  306,429  477,900  1,018,490  4,842,601 5,492,376 889.72  
February5 220,542 135,624 785,399 285,966 446,168 952,676 5,795,277 6,580,676 1,069.00  
March  205,550  128,948  914,347  284,110  444,724  934,384  6,729,661 7,644,008 1,233.99  
April  177,090  122,814 1,037,161  263,219  382,522  822,831 7,552,492 8,589,653 1,375.57  
May  218,001  128,788 1,165,949  345,990  493,460  1,057,451 8,609,943 9,775,892 1,558.21  
June 217,835 132,723 1,298,672 304,415 453,984 976,234 9,586,177 10,884,849 1,734.36  
July6 230,221 141,425 1,440,097 341,838 517,508 1,089,567 10,675,744 11,974,416 1,935.87  
August7 211,157 117,818 1,557,915 330,976 471,087 1,013,220 11,688,964 12,987,636 2,114.75  
September  220,413  124,243 1,682,158  325,888  467,046  1,013,347 12,702,311 14,384,469 2,292.60  
October8  234,575  131,730 1,813,888  352,301  496,896  1,083,772 13,786,083 15,599,971 2,478.43  
November9  222,270  124,354 1,938,242  334,654  481,726  1,038,650  14,824,733 16,762,975 2,655.41  
December10  256,186  146,110 2,084,352  398,585  598,038  1,252,809  16,077,542 18,161,894 2,886.35  

1 Sum of “Withdrawals, Purchase and Cash Advance and Purchase only”, Excluding the “Balance Enquiry”

2 On 21st July, National Switch Went-Live with BSP, Kina Bank and NCSL. 

3 In 01st September 2019, additional three institutions, Westpac, PMBL & MiBank joined the National Switch and following on 22nd September Kina Bank acquired the Retail business from ANZ Bank. This resulted to substantial increase in the volumes of transaction switched via the National Switch. 

4 10-Oct-19 – Over One (1) million chargeable transactions were processed by the National switch.

5 19-Feb-20 – Over One (1) Billion Kina were processed by the National switch. 

6 Jul-20 – Over Ten (10) million chargeable transactions were processed by the National Switch.

7 Aug-20 – Over K2 Billion and Over Eleven (11) million chargeable transactions were processed by the National Switch.

8 Oct-20 – Over K2.4 Billion and Over Thirteen (13) million chargeable transactions were processed by the National Switch. 

9 Nov-20 – Over K2.6 Billion and Over Thirteen (14) million chargeable transactions were processed by the National Switch.

10 Dec-20 – Over K2.8 Billion and Over Sixteen (16) million chargeable transactions were processed by the National Switch and an annual revenue of K1.2m YTD and K1.6m since inception of REPS.

REPS Charts

This chart indicates the monthly volumes by type of cards used for payment and aggregate values in K’ millions.  

NB: Monthly industry values (K’ millions) shown in this chart, when added together month by month since go-live in July 2019, will equate to the cumulative values (K’ millions) shown in the statistics table on the previous page.

Payment Systems Department
11th January 2021

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