Currency and Payment

Understanding the local currency and payment methods is essential for a smooth and hassle-free travel experience in Papua New Guinea. This guide provides you with key information on the Papua New Guinean Kina, tips for handling money, and advice on making payments during your trip.

1. The Papua New Guinean Kina

The official currency of Papua New Guinea is the Kina, abbreviated as PGK and symbolized by “K.” The Kina is divided into 100 toea. Banknotes are available in denominations of K2, K5, K10, K20, K50, and K100, while coins are available in denominations of 5t, 10t, 20t, 50t, and K1.

  • Currency Symbol: K
  • Denominations: Banknotes (K2, K5, K10, K20, K50, K100); Coins (5t, 10t, 20t, 50t, K1)
2. Currency Exchange

It’s advisable to exchange some currency into Kina before you arrive in Papua New Guinea, especially if you’re visiting remote areas where ATMs and currency exchange services may not be available.

  • Where to Exchange: Currency can be exchanged at major banks, currency exchange bureaus, and at the airport. Some hotels also offer currency exchange services, although rates may vary.
  • Exchange Rates: Be sure to check the current exchange rates before exchanging money. You can find up-to-date rates online or through financial institutions.
3. Using ATMs

ATMs are widely available in major cities and towns across Papua New Guinea. However, they may be less accessible in rural or remote areas, so it’s advisable to carry some cash when traveling outside urban centers.

  • ATM Locations: ATMs can be found at banks, shopping centers, and airports. The major banks in Papua New Guinea include Bank South Pacific (BSP), ANZ, and Westpac.
  • Fees: Be aware that using foreign bank cards at ATMs may incur fees. It’s a good idea to check with your bank about any international withdrawal charges before your trip.
  • Safety Tips: For security reasons, it’s best to use ATMs located inside banks or in well-lit, busy areas. Avoid withdrawing large amounts of cash at once and be discreet when entering your PIN.
4. Credit and Debit Cards

Credit and debit cards are widely accepted in urban areas, particularly in hotels, restaurants, and larger retail outlets. However, it’s important to note that smaller businesses and those in rural areas may only accept cash.

  • Card Types: Visa and Mastercard are the most commonly accepted cards in Papua New Guinea. American Express and other cards may not be as widely accepted, so it’s advisable to carry an alternative payment method.
  • Minimum Spend: Some establishments may require a minimum spend for card payments. It’s a good idea to check with the merchant before making a purchase.
  • Card Security: Ensure your card is kept secure at all times. Notify your bank of your travel plans to avoid any issues with your card being blocked for suspicious activity.
5. Mobile Payments and Digital Wallets

Mobile payments and digital wallets are becoming increasingly popular in Papua New Guinea, particularly in urban areas. Services like BSP’s Mobile Banking and ANZ goMoney allow you to make payments, transfer funds, and check balances using your mobile phone.

  • Setting Up: To use mobile payment services, you’ll need to set up an account with a participating bank. This usually involves registering your mobile number and linking it to your bank account.
  • Where Accepted: Mobile payments are accepted in many retail outlets, restaurants, and service providers in urban areas. However, cash is still the dominant payment method in rural areas.
  • Data Security: Ensure your mobile device is secure and use a strong password or biometric authentication for mobile banking apps.
6. Tipping and Service Charges

Tipping is not a common practice in Papua New Guinea, and it is generally not expected in most service settings. However, if you receive exceptional service, a small tip or gratuity is always appreciated.

  • Service Charges: Some high-end hotels and restaurants may include a service charge in the bill. Be sure to check your receipt to see if a service charge has already been added.
  • When to Tip: If you wish to tip, do so at your discretion. A small amount is sufficient, and it’s usually given directly to the person who provided the service.
7. Handling Cash

While credit and debit cards are widely used, carrying cash is essential, especially when traveling to rural areas where card facilities may not be available.

  • Cash Safety: Carry only as much cash as you need for the day, and keep the rest securely stored in a safe place. Consider using a money belt or a secure wallet.
  • Counterfeit Awareness: Be cautious of counterfeit bills. Familiarize yourself with the appearance and security features of Kina banknotes to avoid accepting fake currency.

Being informed about currency and payment methods in Papua New Guinea will help you manage your finances effectively during your trip. Whether you’re using cash, cards, or mobile payments, being prepared will ensure a smooth and enjoyable travel experience.