FNB Namibia commercial’s head of transactional banking, Rivan Meyer. Photo Contributed
FNB Namibia commercial’s head of transactional banking, Rivan Meyer. Photo Contributed

CashPlus transaction value surpasses N$100mln

STAFF REPORTER
FNB Namibia’s Cashplus transaction value have surpassed the N$100 million threshold solidifying the community banking service as the preferred banking method for customers nationwide.

CashPlus, a pioneer in the financial services sector makes it possible for Agents to provide financial services thereby enhancing financial inclusion and convenience for FNB customers across Namibia.

These transactions are all facilitated via FNB’s existing cellphone banking and FNB App channels offering customers unparalleled ease and efficiency in managing their finances.

CashPlus as a channel has grown 44% annually with more and more customers gravitating to the channel reaching N$110 424 830 in values processed for the month of December 2023, which is a testament on customer confidence in the product.

“We pride ourselves in providing inclusive financial services and this milestone is a testament to the unwavering trust and confidence our customers place in our products,” says FNB Namibia commercial’s head of transactional banking Rivan Meyer.



Inclusion

“Experiencing robust growth, Cashplus has witnessed an impressive annual increase, reflecting the growing preference among customers for the channel's intuitive and user-friendly experience,” Meyer added.

“We are thrilled to witness the exponential growth and positive reception of Cashplus within Namibia. This achievement underscores our unwavering commitment to delivering innovative financial solutions that cater to the evolving needs of our customers.

The success of Cashplus within FNB Namibia reaffirms its dedication to driving financial inclusion and fostering economic empowerment within the Namibian community,” Meyer said.

He further added that CashPlus not only presents an opportunity for customers to bank within their communities but also allows entrepreneurs to grow their businesses by signing up to be CashPlus agents additionally driving meaningful socioeconomic change in the lives of Namibians nationwide.

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Namibian Sun 2024-05-12

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Premier League: Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna | Frosinone 0 vs 5 Inter Milan Katima Mulilo: 15° | 33° Rundu: 15° | 32° Eenhana: 14° | 34° Oshakati: 16° | 32° Ruacana: 16° | 33° Tsumeb: 17° | 31° Otjiwarongo: 13° | 29° Omaruru: 16° | 31° Windhoek: 14° | 27° Gobabis: 15° | 28° Henties Bay: 14° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 12:02, High tide: 06:03, Low Tide: 00:33, High tide: 18:39 Swakopmund: 15° | 16° Wind speed: 23km/h, Wind direction: SW, Low tide: 12:00, High tide: 06:01, Low Tide: 00:31, High tide: 18:37 Walvis Bay: 15° | 23° Wind speed: 31km/h, Wind direction: S, Low tide: 12:00, High tide: 06:00, Low Tide: 00:31, High tide: 18:36 Rehoboth: 15° | 29° Mariental: 20° | 31° Keetmanshoop: 19° | 31° Aranos: 17° | 30° Lüderitz: 12° | 28° Ariamsvlei: 18° | 33° Oranjemund: 10° | 23° Luanda: 25° | 27° Gaborone: 15° | 27° Lubumbashi: 15° | 29° Mbabane: 14° | 19° Maseru: 8° | 23° Antananarivo: 12° | 25° Lilongwe: 16° | 27° Maputo: 19° | 26° Windhoek: 14° | 27° Cape Town: 13° | 22° Durban: 18° | 22° Johannesburg: 14° | 23° Dar es Salaam: 23° | 31° Lusaka: 17° | 28° Harare: 14° | 27° Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05% Sport results: Premier League: Nottingham Forest 2 vs 3 Chelsea | Newcastle 1 vs 1 Brighton | Wolves 1 vs 3 Crystal Palace | Everton 1 vs 0 Sheffield United | West Ham 3 vs 1 Luton Town | Bournemouth 1 vs 2 Brentford | Tottenham Hotspur 2 vs 1 Burnley | Fulham 0 vs 4 Manchester City LaLiga: Athletic Club 2 vs 2 Osasuna | Granada 0 vs 4 Real Madrid | Villarreal 3 vs 2 Sevilla | Mallorca 1 vs 0 Las Palmas | Deportivo Alaves 2 vs 2 Girona SerieA: AC Milan 5 vs 1 Cagliari | Napoli 0 vs 2 Bologna | Frosinone 0 vs 5 Inter Milan Weather: Katima Mulilo: 15° | 33° Rundu: 15° | 32° Eenhana: 14° | 34° Oshakati: 16° | 32° Ruacana: 16° | 33° Tsumeb: 17° | 31° Otjiwarongo: 13° | 29° Omaruru: 16° | 31° Windhoek: 14° | 27° Gobabis: 15° | 28° Henties Bay: 14° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 12:02, High tide: 06:03, Low Tide: 00:33, High tide: 18:39 Swakopmund: 15° | 16° Wind speed: 23km/h, Wind direction: SW, Low tide: 12:00, High tide: 06:01, Low Tide: 00:31, High tide: 18:37 Walvis Bay: 15° | 23° Wind speed: 31km/h, Wind direction: S, Low tide: 12:00, High tide: 06:00, Low Tide: 00:31, High tide: 18:36 Rehoboth: 15° | 29° Mariental: 20° | 31° Keetmanshoop: 19° | 31° Aranos: 17° | 30° Lüderitz: 12° | 28° Ariamsvlei: 18° | 33° Oranjemund: 10° | 23° Luanda: 25° | 27° Gaborone: 15° | 27° Lubumbashi: 15° | 29° Mbabane: 14° | 19° Maseru: 8° | 23° Antananarivo: 12° | 25° Lilongwe: 16° | 27° Maputo: 19° | 26° Windhoek: 14° | 27° Cape Town: 13° | 22° Durban: 18° | 22° Johannesburg: 14° | 23° Dar es Salaam: 23° | 31° Lusaka: 17° | 28° Harare: 14° | 27° Economic Indicators: Currency: GBP to NAD 23 | EUR to NAD 19.82 | CNY to NAD 2.55 | USD to NAD 18.41 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.68 | ZWL to NAD 0.04 | BRL to NAD 3.56 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.06 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1439.8 | USD to ZAR 18.44 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78464.25 Up +1.19% | Namibian Stock Exchange (NSX) Overall Index 1754.6 Up +1.22% | Casablanca Stock Exchange (CSE) MASI 13527.01 Up +0.36% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 360.52/OZ UP +0.59% | Copper US$ 4.62/lb UP +1.13% | Zinc US$ 2 961.00/T DOWN -0.06% | Brent Crude Oil US$ 83.21/BBP DOWN -0.0171 | Platinum US$ 995.62/OZ UP +1.05%