KlickEx and SPBD Extend Successful Partnership to Tonga
Empowering Money Transfers for Tongans Abroad
KlickEx Pacific and SPBD Microfinance, following their successful 12-month partnership facilitating money transfers to Samoa, today announced an expansion of their services to Tonga. This exciting development will allow Tongans living in New Zealand and Australia to send money home easily and securely.
Beginning on the 2nd of August 2024, Tongans abroad can utilise KlickEx’s user-friendly online platform, klickex.com to initiate money transfers. SPBD Microfinance, with its dedication to economic empowerment for low-income women, will provide cash-out services through its established network in Tonga.
Empowering Tongans Through Financial Inclusion
This partnership directly supports SPBD’s mission to eradicate poverty and foster sustainable income generation. By enabling streamlined money transfers from major diasporas, the initiative bolsters financial inclusion for both SPBD members and the broader Tongan community.
“We are thrilled to build upon our successful collaboration with SPBD and expand our services to Tonga,” said Mr. Ben Kealy, CEO of KlickEx. “This move aligns perfectly with our commitment to providing safe, transparent, cost-effective financial solutions for the Asia Pacific region. We believe this partnership will positively impact the lives of many Tongans.”
Mr. Greg Casagrande, President & Founder of SPBD Microfinance Network, expressed his enthusiasm, stating, “Expanding our partnership with KlickEx to Tonga is a significant step forward in our efforts to empower individuals and families across the Pacific. The ability to send and receive money is vital for economic development, and we are proud to play a role in this important initiative.”
Partnership Benefits:
- Convenience: Easy-to-use online platform for senders in New Zealand and Australia.
- Accessibility: Cash-out agents throughout Tonga via SPBD’s network in Tongatapu, Eua, Vava’u and Haʻapai.
- Impact: Direct support for SPBD’s microfinance and economic empowerment programs.
- Financial Inclusion: Expanding access to financial services for Tongans.
During the launch, Mr. Kealy expressed his gratitude to the National Reserve Bank of Tonga, the Ministry of Finance, SPBD partners, and the diligent KlickEx team in Tonga for supporting this initiative. He emphasised how safe, efficient, and affordable money transfers benefit all stakeholders.
About KlickEx Pacific:
Founded in 2009, KlickEx is all about bridging social and economic gaps. It is a payments infrastructure focused on providing cross-border transfer services and has been dedicated to its pursuit of providing Digital Financial Inclusion to Asia Pacific to allow consumers to send money back home to the islands from Australia and New Zealand.
KlickEx also operates in Tonga, Fiji, Vanuatu, Cook Islands and the Philippines. In addition, with its recent acquisition by NomuPay Limited, based in Dublin – KlickEx is now part of a global financial services provider with offices on four continents.
Key benefits of using KlickEx’s overseas money transfer services include:
- Quick – 95% of transfers are ready in minutes.
- Secure – KlickEx uses industry-leading technology to protect our customers’ money transfers.
- Easy and cost-effective – competitive exchange rates and lower fees than most conventional banks and money transfer services.
About South Pacific Business Development (SPBD):
Founded in 2000, SPBD’s mission is to improve the quality of life of underprivileged families by providing them with meaningful economic opportunities to help lift them permanently out of poverty. SPBD is especially focused on empowering women to start, grow and maintain micro-businesses through the provision of access to financial and business development services as well as the opportunity to build assets, improve financial security and finance housing improvements and education.
SPBD’s vision is to create a network of financially self-sufficient and scalable micro-enterprise development organisations throughout the South Pacific.
SPBD has disbursed 321,000 small loans totalling USD $272M to hardworking, low-income entrepreneurs in the South Pacific since inception, 99% of whom are women. SPBD operates in nearly 2,000 communities across 5 countries – Samoa, Tonga, Fiji, the Solomon Islands and Vanuatu – and employs a dedicated staff of 175 professionals. SPBD currently has 23 offices and offers 16 products and services, including credit, savings, death benefits, financial education and business skills training to its members.
