Home Southern Africa Namibia:  FNB ’s ‘CashPlus’ Records 44% Annual Growth, Surpasses N$100m Transactions

Namibia:  FNB ’s ‘CashPlus’ Records 44% Annual Growth, Surpasses N$100m Transactions

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First National Bank Namibia Namibia’s largest commercial bank (FNB Namibia) says its CashPlus channel has grown by 44% annually, with transaction values surpassing the N$100 million threshold.

FNB is 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, stated Rivan Meyer, Head of Transactional Banking at FNB Namibia Commercial.

CashPlus enables Agents to provide financial services, thereby enhancing financial inclusion and convenience for FNB customers across Namibia. All transactions are facilitated via FNB’s existing phone banking and FNB App channels.

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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CashPlus is a convenient way to deposit and withdraw cash at an FNB CashPlus agent. All you need is a cellphone. To use CashPlus, you need to be registered for Cellphone banking or have the FNB App downloaded onto your device. With CashPlus, you can also withdraw money from eWallet or buy prepaid airtime and electricity.