PRODUCTS AVAILABLE BY COUNTRY
Namibia

ENDO

(Enhanced Debit Order Stream)

Namibia is soon to be on the forefront of a global financial revolution.

The Payment Association of Namibia, in partnership with the banking institutions and payments system providers in Namibia, will introduce a brand-new solution compromising of three new payments streams:

  • Enhanced Debit Orders (EnDO) – allows for early-morning debits from all major banks in Namibia. If paying customers do not have sufficient funds in their accounts at the time of collection, the debit order will automatically and systematically be resubmitted for a specified tracking period.
  • Enhanced Credit Payments (EnCR) – allows for bulk beneficiary payments instructions.
  • Near-Real-Time Credits (NRTC) – allows for beneficiary payments instructions in a short amount of time.

The new payments streams will replace the existing EFT stream. This has been driven by a legislative need for greater efficiency in the processing of payments in the National Payments System.

Given the impact that the new payments streams will have on Namibia as a whole, all Users and consumers will be smoothly transitioned in a phased approach, from using the existing EFT payments stream to the new streams, starting with EnDO. As soon as EnDO is approved for rollout, Real Pay will actively engage with all our Users regarding the features and benefits of this new payments stream.

NDO

(Normal Debit Orders / Dated Service)

Funds from these dated service transactions are collected from all Namibian banks participating in this payments stream.

EFT CREDITS (PAYOUTS)

This product enables Users to disburse funds in real time to FNB bank accounts, and a next-day service is provided to all other banks in Namibia

REAL-TIME DEBIT ORDERS

Real-time debit orders enable Users to collect funds early morning in real time, and also offer an option to intervene manually.

OVERVIEW
Real-Time Debit Orders
NDO
EnDO
EFT Credits (Payouts)

Real Pay is a major stakeholder in the payments industry in Namibia. Our company has maintained an in-country presence since 2007 and we specialise in providing country-specific payments solutions while remaining tuned to local needs and developments.

Based in Klein Windhoek, we maintain our position as the preferred payments systems service provider in Namibia. Businesses in Namibia can enhance their cash flow by increasing successful collection rates for active instalments and outstanding payments through our specialised online debit order system.

Real Pay offers Users a real-time debit order service on FNB bank accounts with selective tracking options. Real-time debit orders enable Users to collect funds early morning in real time, and also offer an option to intervene manually. Users are able to submit collections transactions over a period of days with the advantage of their account holders not being charged any unpaid fees.

New to the Real Pay stable are standard, in-country debit orders. This product gives Users the additional benefit of being able to collect funds from all Namibian banks with our easy-to-use system and dynamic report structure. Funds are collected and disbursed into Users’ nominated bank accounts at an agreed-upon interval. Users are able to select any date for collection.

Namibia is soon to be on the forefront of a global financial revolution.

The Payment Association of Namibia, in partnership with the banking institutions and payments system providers in Namibia, will introduce a brand-new solution compromising of three new payments streams:

Enhanced Debit Orders (EnDO) – allows for early-morning debits from all major banks in Namibia. If paying customers do not have sufficient funds in their accounts at the time of collection, the debit order will automatically and systematically be resubmitted for a specified tracking period.
Enhanced Credit Payments (EnCR) – allows for bulk beneficiary payments instructions.
Near-Real-Time Credits (NRTC) – allows for beneficiary payments instructions in a short amount of time.

Noticing the need for an electronic payout solution, Real Pay recently introduced EFT Credits (Payouts) to our product bouquet in Namibia. This product enables Users to disburse funds in real time to FNB bank accounts, and a next-day service is provided to all other banks in Namibia. Users have access to our current dynamic reporting and management information.

Interested?

Please do not hesitate to contact us for more information:
24H: +27 83 230 3847

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