FNB Namibia says its CashPlus channel has grown by 22% annually, with transaction values surpassing the N$100 million threshold, totaling N$110,424,830 processed for December 2023.
In 2022 the channel recorded a 44% growth.
“We pride ourselves on providing inclusive financial services, and this milestone is a testament to the unwavering trust and confidence our customers place in our products. 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,” said Rivan Meyer, Head of Transactional Banking at FNB Namibia Commercial.
“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.”
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 Cellphone 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,” Meyer said.
