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Namibia

NamPay

Scheme name: NamPay

IIPS Type: Bank

Instruments: Credit EFT

Inclusivity level: Basic

Year of establishment: 2021

System owner: Payments Association of Namibia

Overseer: Bank of Namibia

Operator: Payments Association of Namibia

Total Participants: 9

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CategoryNamPay
Geographic reachDomestic
Geographic descriptionNamibia
Scheme governancePayments Association of Namibia
Settlement agentCentral Bank of Namibia
Participants - commercial banks9
Participants - MMOs0
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 2018-
Volumes 2019-
Volumes 202020,475,000
Volumes 202123,093,000
Values 2018- USD
Values 2019- USD
Values 202014,991,382 USD
Values 202117,107,470 USD
Values 202219,446,749 USD
GNI12,074,230,432
GNI (%)0.2%
Interoperability arrangementThird party
Ownership modelParticipant-owned
Governance TypologyPrivate association
Messaging standardISO 20022
Types of proxy IDsNo
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceYes
CB governance involvementNo
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)No
RecourseYes
Not-for-lossNo

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