Namibia - Methods of PaymentNamibia - Methods of Payment
Namibia’s banking system is modern and closely tied to the South African system. At least three of the eight licensed local commercial banks are subsidiaries of South African banks. All local commercial banks handle international transactions and trade financing. Payments can be made in the following ways:
Credit grantors use information from a credit bureau (Trans Union ITC) to assist in making a decision whether or not to grant credit. A credit bureau details the credit history of a consumer or business’s repayment performance.
The Bank of Namibia (BoN) oversees and regulates payment systems in Namibia. The 2003 Payment System Management Act provides details on how the BoN manages the payment system.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
- Direct Bank Transfers
- Credit Cards
- Checks
- Debit Cards
- Cash
Credit grantors use information from a credit bureau (Trans Union ITC) to assist in making a decision whether or not to grant credit. A credit bureau details the credit history of a consumer or business’s repayment performance.
The Bank of Namibia (BoN) oversees and regulates payment systems in Namibia. The 2003 Payment System Management Act provides details on how the BoN manages the payment system.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.