- Friday, 13 July 2012 16:43
- Published Date
- Lorato Khobetsi
- Hits: 1470
The Nam-mic Payment Solutions Cellcard which was launched in April was well received but the biggest challenge of getting Union members to sign up still remains because of work commitments.
750 Union members have signed up for Nam-mic Payment Solutions Cellcards which also serve as Union membership cards in Khomas Region.
According to Abri Krige, Operations Executive of Nam-mic Payment Solutions, this remains the biggest challenge because many members work during the week and on Saturdays which makes it difficult for members to sign up and get issued with their membership cards.
“We try during the week where possible to enrol at willing employers who afford their staff the time to get their cards, or alternatively we are available during the week at Nam-mic House or on Saturdays at NUNW offices in Katutura to enrol all Union Members,” he said in an interview with The Economist this week.
He said that Union members need to be educated on the tangible financial benefits of the Nam-mic CellCard. Adding that those who have received their cash cards are excited to receive cash back end of every month on purchases made.
“In this regard we try and equip the enrolled union members with as much information as possible to get more value from their hard earned income when using the Nam-mic CellCard” he added.
Speaking on the the plans for the future he said that they will soon launch the Cell phone channel as well as for the Nam-mic CellCard to be used on Bank Windhoek’s ATM and Payment Terminals, thereby adding more functionality and benefits to Union Members.
Krige stated that since starting with the enrolment process at this year’s May Day Celebration, they have been busy with presentations at employers, educating over 2000 members on the benefits of receiving their union membership cards.
“Being a platform partner of the Financial Literacy Initiative, we believe that the Nam-mic CellCard product enhances Financial inclusivity in the country by offering a cost affordable payment instrument that gives more value back to the user through lower transactional fees and cash backs on purchases,” he said.
He further said there is excitement especially within the previously marginalised un-banked and under banked employment sectors like domestics, farm workers and security guards to have access to the formal financial sector through their Union Membership Cards that allows them to pay for products and services and have access to financial products that build wealth for them, thereby breaking the cycle of systemic poverty that ravages many of the workers.
Nam-mic CellCard enables members to have access to financial services and cost-effective banking. Bank of Namibia granted Nam-mic Payment Solutions (Pty) Ltd authority to issue out Nam-mic CellCards, as a payment instrument under the Determination on Issuing of Electronic Money in Namibia in terms of section 4 of the Payment System Management Act No. 18 of 2003 in March this year.
- Articles In This Category
- Vigilance pays off (1024 hits)MarketsOn Wednesday 22 August 2012 FNB Namibia held their final draw in the Vow of Vigilance campaign. The campaign was launched in November 2001 with the...Claim now for Avid and Prowealth (486 hits)MarketsThe Namibia Financial Institutions Supervisory Authority (Namfisa) is in the process of cancelling three investment management licences belonging to...Development Bank against defaulters (433 hits)MarketsThe Development Bank of Namibia (DBN) has set up a special unit to help contain increasing non-performing loans. Quarterly results released by the...MTC praises 4G technology (955 hits)MarketsSince implementing its new 4G LTE technology in mid-May, MTC says it is impressed with the overwhelming migration of its high post-paid customers who...MarketsAtterbury, a South African property investment and development company will develop Namibia’s largest single commercial property, the 54,000sqm...New SME fund from Bidvest (252 hits)MarketsDeputy Minister of Trade and Industry, Hon. Tjekero Tweya heaped praises on Bidvest Namibia’s executive management at the launch of its development...New security for Mandela Rand (313 hits)MarketsThe South African Reserve Bank (SARB) has launched a refresher campaign to mark 12 months since the introduction of the new series of Mandela...Airline could lose EU carbon exemption (1064 hits)MarketsAir Namibia could lose its exemption from paying penalties for carbon emissions once the airline expands its flight frequency. Currently, Air Namibia...Last day for using Petrol Cards (557 hits)MarketsThis Friday, 28 February, marks the very last day on which service stations will accept petrol cards as medium of payment for fuel. Earlier this...Marketwrap 20 June2014 (764 hits)Markets
- Related Articles
- ColumnsIt seems that my series on online shopping has hit a nerve, so lets delve right in and discuss more about this. Here is www.privacyrights.org take on...HeadlinesNam-mic Payment Solutions recently introduced an electronic payment system called NISO. The payment system is aimed at servicing over 6000 informal...
- Latest Articles
- Youth Council guarantees seed capital (52 hits)General NewsA new avenue of financing has become available for young entrepreneurs in need of seed and working capital. Bank Windhoek announced earlier this...Jaguar, the marque for Permanent Secretaries (350 hits)HeadlinesA woman does not need to stay a secretary for her whole career, but a Permanent Secretary is a horse of a very refined breed. The new Jaguar XF as an...Windhoek Show celebrates 60 (355 hits)HeadlinesThis year the Windhoek Industrial and Agricultural show will hit the 60 year mark since inception and according to Harald Schmidt, Executive Vice...Oranje corridor revitalised (332 hits)HeadlinesAus-Luderitz railway link nearing completion Construction of the much anticipated Aus-Luderitz railway line is expected to be concluded by the end...Editors DeskIt comes as a shock to learn that 40% of all new-borns are unintended. This comes from a study by the Guttmacher Institute covered in more detail in...