Namibia’s financial market infrastructure consists of various systems, networks and technological processes needed for conducting and completing financial transactions. These systems, networks and processes together make up the National Payment System (NPS). The NPS, which is managed, controlled and organised by the Payments Association of Namibia (PAN), comprises the most up-to-date infrastructure for transferring money between our country and others, as well as among banking institutions, merchants, suppliers and customers, but also for using payment instruments such as debit and credit cards, cheques and electronic fund transfers (EFTs).


The payment industry operates in accordance with international standards. These include the so-called EMV Standard (originally devised by Europay, Mastercard and Visa) and the Payment Card Industry Data Security Standard (PCI DSS), which safeguard card transactions against fraud. The PCI DSS has been gradually but consistently implemented since 2012, with banking institutions being at various stages of compliance. Meanwhile, the payment industry remains committed to ensuring maximum security is constantly maintained within the NPS.


Non-bank institutions are represented by the PAN Stakeholder Forum (PSF), which was launched on 18 January 2013. Its purpose is to fulfil the ongoing need to foster and facilitate consultation and collaboration among the various NPS stakeholders. The PSF focuses mainly on issues relating to the payment system, especially those that may have a risk-related impact on the NPS and its various participants. However, the PSF acts in the interest of the NPS as a whole, rather than for individuals or individual participant groups. Thus, in terms of the PAN Constitution, a representative of the PSF serves as a non-voting member on the PAN Management Council.