The banking sector is gradually introducing a new electronic payment system, Nampay

A new electronic funds transfer system called NamPay has been gradually introduced to the local market, comprising an improved debit order system called EnDO, an improved credit payment system called EnCR, as well as a credit payment system. in near real time called as CNRT.

The Bank of Namibia, in collaboration with the Payment Association of Namibia and in partnership with the banking sector, has spearheaded the initiative.

“NamPay is introduced in terms of law, to ensure that Namibia’s national payment system remains at international standards, and will replace the electronic funds transfer system currently in use, ultimately transforming electronic funds transfers in Namibia from the point of view. consumer perspective, ”said Brian Katjaerua, CEO of the Namibia Bankers Association.

He announced that NamPay is already in line with the EnDO and EnCR components of the system, while NRTC feeds have started to be enabled since last year.

“All the banks have started and are well advanced in the process of migrating customers to the new platforms,” he added.

NamPay electronic funds transfer system explained


The current debit order system will be replaced by an improved collection process called EnDO. The most important feature of EnDO would be that debit orders will no longer be deducted from clients’ accounts in a specific, predetermined or priority order. EnDO will assign random sequences to debit orders submitted for collection in the national payment system. A key feature of EnDO is the principle of non-preferential treatment of payment instructions, which ensures that all debit order collectors will now have an equal chance to raise funds on customer accounts.

This means that the customer’s debit orders will be deducted from their bank account in a different order each month, implying that their vehicle or home loan payment (unless they have a direct payroll debit agreement), do not will not necessarily be paid first every month. . Put simply, Katjaerua explained that debit orders may not necessarily come out of the customer’s account in the same order or on the usual monthly date they may have become accustomed to.


Payments made to beneficiaries through online platforms will be processed through the enhanced credit payment system or the EnCR service. EnCR payments are processed between banks as received between 4:00 a.m. and the daily cut-off time of 2:00 p.m. on weekdays and 9:00 a.m. on Saturdays. Due to more frequent settlements between national banks during the day, EnCR payments will be passed to the customer’s account on the same day. Katjaerua said that the fees charged for initiating a payment from one of the banking channels remain in line with the fee structure of the bank in question, and customers are advised to consult their bank in this regard.


In addition to the EnCR payment flow, immediate payments, NRTC will be introduced. According to Katjaerua, the NRTC payment flow allows a customer to transfer funds in real time to any of their beneficiaries on the same business day.

“NRTC payments are processed between banks as received between 4:00 am and 4:00 pm daily cut-off times on weekdays and 11:00 am Saturdays, and will be reflected within one minute (60 seconds) to the customer account. Please note that the fees charged for initiating a payment from one of the banking channels remain in line with the fee structure of the bank in question, ”Katjaerua said.

According to Katjaerua, all members of the Bankers Association will be happy to answer any further questions from their clients.

“We fully expect the NamPay system to bring excellent benefits to the banking public, and I certainly congratulate the technical teams of all our member banks for their diligence and collaboration at all levels to carry out this successfully”, a- he declared.

Namibia Bankers Association CEO Brian Katjaerua.

About the author

Leave a Reply

Your email address will not be published.