About PAN
Who We Are
The Payments Association of Namibia (PAN) is a legally recognised, not-for-profit entity established under the Payment System Management Act, 2023. It serves as a central collaborative platform for participants in Namibia’s National Payment System, with the mandate to promote a safe, efficient, and reliable payments environment.
PAN operates as a distinct legal entity and works closely with the Bank of Namibia to support oversight, set participation standards, and guide the development of payment systems in the country. By fostering industry alignment and advancing best practices, PAN plays a vital role in shaping and sustaining Namibia’s financial infrastructure.
The Horizon of Payments
To support the development of a modern, inclusive, and interoperable payments ecosystem that contributes to Namibia's National Payment System Vision 2030 and broader socio-economic development.
The Purpose of Cohesion
To promote the safety, efficiency, integrity, and interoperability of the National Payment System through industry collaboration, innovation, and adherence to national and international standards.
Download PAN Constitution
The officially signed PAN Constitution serves as the primary governing text outlining corporate bylaws, voting frameworks, system participant covenants, and membership criteria for clearance houses.
View / Download PDF DocumentThe PAN Constitution
Established to coordinate payment services across the banking and non-banking spectrum, the PAN Constitution dictates standard clearing guidelines, operational commitments, and participant code-of-conduct parameters.
It ensures that every clearing system participant complies with standard risk metrics and technical operating mandates, securing financial settlement integrity at every domestic node.
PAN Governance Model & Standards
The Memorandum of Agreement (MoA) between the Payments Association of Namibia (PAN) and the Bank of Namibia (BoN) establishes the self-regulatory mandate, oversight mechanisms, and operational principles governing Namibia's National Payment System.
This framework outlines technical standards, participant code-of-conduct requirements, risk mitigation protocols, and structured decision-making channels across all domestic payment clearing streams to ensure safety, efficiency, and interoperability.
Memorandum of Agreement (MoA)
Access the officially executed Memorandum of Agreement between PAN and the Bank of Namibia defining regulatory oversight, technical standards, and clearing house governance.
PAN Structure
Discover the operational departments and coordinating boards driving Namibian payment system operations. Hover over highlighted names to view board member profile photos.
PAN Management Board
The central governing coordinate board representing regional commercial banks, non-banking financial entities, and payment operators.
| # | Board Member | Sector / Membership Classification | Committee Mandate |
|---|---|---|---|
| 1 |
Mr. Kenandei Tjivikua
|
Independent Chairperson | Chairperson: Prioritization Committee (PC) & PAN Management Board (PMB) |
| 2 |
Ms. Selma Ambunda
|
Independent Non-Executive Director | Chairperson: Governance, Nomination, Remuneration Committee (GNRC) |
| 3 |
Mr. Titus Kanyanda
|
Independent Non-Executive Director | Chairperson: Audit and Risk Committee (ARC) |
| 4 |
Ms. Irene Venter
|
Ex-officio and Executive Members | PAN Management Board (PMB) Member |
| 5 | Mr. Elifas Kamati | Ex-officio and Executive Members | PAN Management Board (PMB) Member |
| 6 |
Mr. Stephen Chase
|
Banking Institutions | Prioritization Committee (PC) |
| 7 |
Mr. Allvan Farmer
|
Banking Institutions | Audit and Risk Committee (ARC) |
| 8 |
Mr. Rodney Shivangulula
|
Non-Bank Financial Institutions | Governance, Nomination, Remuneration Committee (GNRC) & Prioritization Committee (PC) |
| 9 |
Mr. Fabian Tait
|
Payment System Operators | Audit and Risk Committee (ARC) & Prioritization Committee (PC) |
| 10 |
Mr. Herman Kruger
|
Payment System Participants | Audit and Risk Committee (ARC) & Prioritization Committee (PC) |
| 11 |
Mr. David Lewies
|
Affiliate Members (Micro Lenders Association) | Governance, Nomination, Remuneration Committee (GNRC) & Prioritization Committee (PC) |
PAN Executive Office Organogram
The operational arm of PAN, executing daily clearing and settlement standards, risk governance, and project management. Below is the official organizational structure chart.
Payment System Management Act, 2023
Promulgated as Act No. 14 of 2023, the Payment System Management Act establishes a robust legal framework governing Namibian transactions, clearing operations, settlement nodes, and fee allocations.
This Act empowers PAN as the sole legally recognized payments association to formulate technical standards, enforce rules on members, and support the Bank of Namibia in maintaining payment ecosystem integrity.
Download PSM Act, 2023
Acquire the complete official Gazette copy of the Payment System Management Act, 2023 (Act No. 14 of 2023) to review legislative parameters, member obligations, and regulatory codes.
Read Legislative Act PDF