The Payment Association of Namibia (PAN) generated revenue of N$10.62 million during 2025, while maintaining a strong financial position.
This was revealed by its Acting Chief Executive Officer Mbapeua Kauoova at the association's 2025 Annual Report launch in Windhoek on Tuesday.
Under the period review, the association reported a membership contribution of N$10.48 million.
The association ended the year with accumulated reserves of N$5.5 million and supported by cash and cash equivalents of approximately N$6 million.
"While this report reflects on our achievement, it also looks ahead. The next chapter will be guided by the NPS vision, strategy 2026-2030. Our focus will remain on five strategic priorities, user centricity, trust and resilience, digital enablement, strategic foresight and innovation, and knowledge communities. These priorities will guide continued work on instant payments, open banking, interoperable digital infrastructure, cyber resilience, and stronger collaboration across the payments ecosystem."
As technology evolves, Kauoova says PAN remains committed to ensuring that Namibia's national payment system continues to serve the needs of Namibians.
"One of the key strategic initiatives was the Instant Payment Programme, a transformative initiative that is laying the foundation for faster, seamless, and interoperable payments, enabling individuals and businesses to make and receive payments in near real-time."
The Independent Chairperson of PAN, Kenandei Tjivikua, noted that the association's 2025 annual report is more than a record of its activities of the past year but a reflection of 20 years of partnership, collaboration and progress in strengthening Namibia's national payment system.
'Over the 20 years trust has remained the foundation of everything PAN does; every payment depends on confidence that it will be processed safely, securely and reliably and timely, and that confidence was built through governance, collaboration and a sustained commitment of everyone in this room.'