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 grew by 44% in December 2022 and 22% in December 2023 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. 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,” says FNB Namibia Commercial’s Head of Transactional Banking Rivan Meyer.
“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.