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Payments/NA

Namibia

ISO NA · 3 schemes

Summary

  • NamPay national EFT system (ISO 20022)
  • Multiple QR wallet providers
  • N$40+ billion e-money volume (2020)
  • PayToday homegrown QR success
  • Bank Windhoek EasyWallet leader

Banking landscape

Central Bank

  • Name: Bank of Namibia (BoN)
  • Website: https://www.bon.com.na/
  • Role: Monetary policy, payment oversight

Major Banks (2024)

Rank Bank Name Type Digital Platform
1 FNB Namibia SA-owned eWallet
2 Bank Windhoek Local EasyWallet
3 Standard Bank Namibia SA-owned Standard App
4 Nedbank Namibia SA-owned Nedbank App
5 Letshego Bank Regional Letshego Mobile

Market Structure

  • NamPay: National EFT (PAN)
  • Multiple wallets: Competitive
  • N$40B+: E-money volume
  • 177% growth: 2019-2020

Payment infrastructure

National Payment Systems

System Operator Type Status
NamPay PAN/Namclear EFT Active
eWallet FNB Mobile wallet Active
EasyWallet Bank Windhoek Mobile wallet Active
PayToday Fintech QR wallet Active

NamPay Features

  • Enhanced debit orders (EnDO)
  • Enhanced credit payments (EnCR)
  • Near-real-time credit (NRTC)
  • ISO 20022 standard
  • Same-day processing

E-Money Growth

  • N$14.8 billion (2019)
  • N$40+ billion (2020)
  • 177% growth in one year
  • eWallet, EasyWallet, BlueWallet

QR code standards

Multiple QR Providers

Provider Type Features
PayToday Fintech P2P, merchant QR
MobiPay Pioneer Merchant acceptance
PayPulse Bank-agnostic Merchant QR
eWallet FNB QR payments
Mobipaid Business Links + QR

PayToday QR

  • Homegrown Namibian fintech
  • Instant P2P transfers
  • Merchant QR payments
  • Parking payments
  • Biometric authentication
  • Card tokenization

MobiPay Features

  • Earliest fintech pioneer
  • Merchant acceptance
  • QR code transactions
  • Bill payments
  • Airtime/electricity top-ups

PayPulse Features

  • Bank-agnostic wallet
  • Money transfers
  • Merchant QR payments
  • Utility purchases
  • Bill settlements
  • Widely adopted

Mobile payment apps

App Provider QR Features
PayToday Fintech Yes Full QR
PayPulse Fintech Yes Bank-agnostic
eWallet FNB Yes Cardless
EasyWallet Bank Windhoek Yes Phone transfers
MobiPay Fintech Yes Pioneer

Bank Windhoek Suite

  • EasyWallet: Once-off cardless cash-outs
  • Pay2Phone: Account-to-mobile transfers
  • Pay2Cell: Pay FNB holders via phone
  • USSD functionality
  • No mobile data required

FNB eWallet QR

  • Launch wallet app
  • Merchant scans QR screen
  • Enter payment amount
  • Instant confirmation

Mobipaid Business

  • Secure card payments
  • In-person/remote
  • Web/social media
  • Payment via links or QR
  • Touch-free transactions

Schemes

Scheme Type Symbology Adoption Technical standard
NamPay EFT ISO 20022 Active nampay
PayToday QR Mobile QR App Active paytoday-qr
EasyWallet Mobile wallet App Active —

Sources

Full country report

NA-namibia.md

Schemes

Standards

Primary · 2

Mentioned · 1

source · docs/payments/NA/index.md