๐๐ฝ๐ถ๐ฎ, ๐ฆ๐ฎ๐บ๐ผ๐ฎ, ๐ฎ๐ฏ ๐๐๐ป๐ฒ ๐ฎ๐ฌ๐ฎ๐ฑย nbs is proud to announce the successful implementation of Instant Fund Transfer (IFT) functionality on the Samoa Automated Transfer System (SATS), Samoaโs national real-time payment infrastructure.
This milestone marks a new era in Samoaโs digital payment landscape, where customers of participating local banks โ including nbs โ can now enjoy instant, secure, and seamless transfers between accounts, 24 hours a day, 7 days a week.
SATS, operated by the Central Bank of Samoa, plays a pivotal role in enhancing the efficiency and reliability of domestic payment transactions. With the integration of IFT, nbs customers will now benefit from
โข Real-time funds availability โ transfers are processed instantly between participating banks.
โข 24/7 accessibility โ send and receive money any day, any time โ including weekends and public holidays.
โข Improved user convenience โ reduced reliance on cash and branch-based services, encouraging a more digital-first approach.
“This is a transformative moment for Samoaโs banking sector and for our customers,” said Papalii Sam Swann, Chief Executive Officer of the National Bank of Samoa.
“Instant Fund Transfer provides the speed and certainty our customers expect in todayโs digital economy, while reinforcing our commitment to innovation and financial inclusion..
“We acknowledge the role that Central Bank has played in supporting the promotion of this initiative for the Samoan marketโ
nbs has worked closely with the Central Bank of Samoa and other banking sector participants to ensure the smooth integration of IFT with existing digital channels such as internet banking and mobile banking.
This initiative aligns with the Central Bankโs ongoing efforts to modernise the national payment infrastructure, support digital financial services, and expand access to safe, fast, and reliable financial transactions across the country.
nbs encourages all customers to explore the new Instant Fund Transfer service through its Internet Banking platform and take advantage of this fast and secure way to send and receive money.
For more information, please contact:
nbs Communication Team
Level 3, ACC Building, Apia Samoa
Phone: +685 26766
Email: info@nbsamoa.com
Website: www.nbsamoa.com
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