# Namibia — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/NA
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **NamPay** national EFT system (ISO 20022)
- **Multiple QR** wallet providers
- **N$40+ billion** e-money volume (2020)
- **PayToday** homegrown QR success
- **Bank Windhoek** EasyWallet leader

## Banking landscape

### Central Bank
- **Name:** Bank of Namibia (BoN)
- **Website:** https://www.bon.com.na/
- **Role:** Monetary policy, payment oversight

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | FNB Namibia | SA-owned | eWallet |
| 2 | Bank Windhoek | Local | EasyWallet |
| 3 | Standard Bank Namibia | SA-owned | Standard App |
| 4 | Nedbank Namibia | SA-owned | Nedbank App |
| 5 | Letshego Bank | Regional | Letshego Mobile |

### Market Structure
- **NamPay:** National EFT (PAN)
- **Multiple wallets:** Competitive
- **N$40B+:** E-money volume
- **177% growth:** 2019-2020

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| NamPay | PAN/Namclear | EFT | Active |
| eWallet | FNB | Mobile wallet | Active |
| EasyWallet | Bank Windhoek | Mobile wallet | Active |
| PayToday | Fintech | QR wallet | Active |

### NamPay Features
- Enhanced debit orders (EnDO)
- Enhanced credit payments (EnCR)
- Near-real-time credit (NRTC)
- ISO 20022 standard
- Same-day processing

### E-Money Growth
- N$14.8 billion (2019)
- N$40+ billion (2020)
- 177% growth in one year
- eWallet, EasyWallet, BlueWallet

---

## QR code standards

### Multiple QR Providers

| Provider | Type | Features |
|----------|------|----------|
| PayToday | Fintech | P2P, merchant QR |
| MobiPay | Pioneer | Merchant acceptance |
| PayPulse | Bank-agnostic | Merchant QR |
| eWallet | FNB | QR payments |
| Mobipaid | Business | Links + QR |

### PayToday QR
- Homegrown Namibian fintech
- Instant P2P transfers
- Merchant QR payments
- Parking payments
- Biometric authentication
- Card tokenization

### MobiPay Features
- Earliest fintech pioneer
- Merchant acceptance
- QR code transactions
- Bill payments
- Airtime/electricity top-ups

### PayPulse Features
- Bank-agnostic wallet
- Money transfers
- Merchant QR payments
- Utility purchases
- Bill settlements
- Widely adopted

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| PayToday | Fintech | Yes | Full QR |
| PayPulse | Fintech | Yes | Bank-agnostic |
| eWallet | FNB | Yes | Cardless |
| EasyWallet | Bank Windhoek | Yes | Phone transfers |
| MobiPay | Fintech | Yes | Pioneer |

### Bank Windhoek Suite
- EasyWallet: Once-off cardless cash-outs
- Pay2Phone: Account-to-mobile transfers
- Pay2Cell: Pay FNB holders via phone
- USSD functionality
- No mobile data required

### FNB eWallet QR
- Launch wallet app
- Merchant scans QR screen
- Enter payment amount
- Instant confirmation

### Mobipaid Business
- Secure card payments
- In-person/remote
- Web/social media
- Payment via links or QR
- Touch-free transactions

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [NamPay](https://docs.barcoder.ai/docs/payments/NA/nampay) | EFT | ISO 20022 | Active | [`nampay`](https://docs.barcoder.ai/docs/standards/nampay) |
| [PayToday QR](https://docs.barcoder.ai/docs/payments/NA/paytoday-qr) | Mobile QR | App | Active | [`paytoday-qr`](https://docs.barcoder.ai/docs/standards/paytoday-qr) |
| [EasyWallet](https://docs.barcoder.ai/docs/payments/NA/easywallet) | Mobile wallet | App | Active | — |

## Sources

- [TransFi - Namibia Payment Rails](https://www.transfi.com/blog/namibias-payment-rails-how-they-work---nampay-eft-digital-wallet-growth)
- [PAN - What is NamPay](https://www.pan.org.na/nampay/what-is-nampay)
- [Shore Africa - Namibia Fintech](https://shore.africa/2025/08/14/namibias-10-leading-fintech-firms-transforming-mobile-payments/)
- [TransFi - Namibia Payment Methods](https://www.transfi.com/blog/common-local-payment-gateways-and-methods-in-namibia)
- [MPay Namibia](https://mpay-namibia.com/)
- [Bank Windhoek - NamPay](https://www.bankwindhoek.com.na/Pages/NamPaySystem.aspx)
- [AllAfrica - E-Money Rules](https://allafrica.com/stories/202102240567.html)
- [Nedbank - NamPay](https://www.nedbank.com.na/content/nedbank-namibia/desktop/na/en/aboutus/legal/Nam-Pay.html)

## Full country report

[NA-namibia.md](https://docs.barcoder.ai/docs/payments/NA)