Ernest Malgas unpacks scrspping of local card swipes
July 2, 2025
[PODCAST]
FNB Namibia has announced that, effective 1 July 2025, it has scrapped all fees on local card swipes as part of its new annual pricing structure.
The move is being billed by the bank as a first for the Namibian banking sector and is positioned as part of a broader strategy to make banking more affordable and accessible.
But will this go a long way in easing the financial pressure on consumers?
To help us unpack the implications of this development, we spoke to the Chief Executive of Airpay Ernest Malgas, a Financial Technology Service Provider.
