Many Namibians still keep cash 'under the mattress'

Only 67% of Namibian adults had a bank account in 2017
People keep cash on hand for a variety of reasons, Kambala said, adding that Namibians may regard it as a safer alternative to saving in a bank, for example.
Jemima Beukes
Despite an increase in digital financial options such as cellphone banking and e-wallet services, many Namibians still prefer to keep their cash under the mattress.According to an
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Namibian Sun 2025-07-04

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