Payment facilitator service provider — Namibia

The Namibia category mapped to payment processing.

The « Payment facilitator service provider » column of the BoN National Payment System Participants matrix. Mapped to PAYMENT_PROCESSING per the BoN Guidance Note definition: HOLDS funds while switching/transmitting/processing between participants, merchants and customers (the pooled-merchant-account model) — the holds-funds counterpart to the no-funds third-party payment service provider category; the two-column split is kept register-over-statute. A licensable PSP category under PSM Act 2023 / PSD-1 8.6.2. Name-keyed; Direct/Indirect participation carried on each fact. ⚠ ONLY DIRECT MARKS MINT (ADR-088): an « Indirect participant » mark is HELD with an anomaly and produces no fact. In NPS matrices an indirect participant typically rides a direct participant's sponsorship, so minting one as `authorized` in this category would publish our own inference as the register's assertion about a named entity. The register does not settle it: BoN has COMMENTED OUT the icon legend (verified on the live page 2026-08-04), and the legend as written named the two marks without defining either. The semantics live in the Payment System Management Act 2023 / the participation determination, neither of which we hold. Zero rows on the committed register carry an indirect mark, so no published fact rests on this today.

Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.

Licensed providers

9 entities

#	Provider	Status (as reported)	Source	Source date
1	Buddy Industries (Pty) Ltd	authorized	Bank of Namibia	not dated
2	Collexia Payments Namibia	authorized	Bank of Namibia	not dated
3	Finatic Technologies (Pty) Ltd	authorized	Bank of Namibia	not dated
4	Payat Payment Services Namibia	authorized	Bank of Namibia	not dated
5	Paymate Namibia	authorized	Bank of Namibia	not dated
6	Q Link Transact (Pty) Ltd	authorized	Bank of Namibia	not dated
7	RealPay Namibia	authorized	Bank of Namibia	not dated
8	Selcom Payment Namibia	authorized	Bank of Namibia	not dated
9	Virtual Card Services Namibia (DPO)	authorized	Bank of Namibia	not dated

Reading the tables

not dated: — the official source publishes no date of its own. We show our own last-checked date instead of inventing one for the regulator.

Licence requirements

What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.

Requirement	As published	Source	Source date
Minimum capital	Not officially published: The initial capital amount is set by the Bank in the "Payment System Notice", which is not published on the public web (PSD-1 10.6.1). No official figure is published.	Determination PSD-1 — Licensing and Authorisation of Payment Service Providers in Namibia (Payment System Management Act, 2023; GG No. 8822, GN No. 1, effective on publication; repeals the 2024 PSD-1) — para 7 (application/authorisation), 8.6 (categories), 10.6 (capital), 12.2 (safeguarding)	2026-01-06
Local presence / incorporation	A value has been located but not yet verified, so we don't publish it here.	—	—
Timeline	No such requirement: PSD-1 sets no statutory end-to-end regulator decision window; on provisional authorisation the Bank may impose conditions to be met within three (3) months (a conditions window, not a decision SLA).	Determination PSD-1 — Licensing and Authorisation of Payment Service Providers in Namibia (Payment System Management Act, 2023; GG No. 8822, GN No. 1, effective on publication; repeals the 2024 PSD-1) — para 7 (application/authorisation), 8.6 (categories), 10.6 (capital), 12.2 (safeguarding)	2026-01-06
Local ownership	No such requirement: The Payment System Management Act, 2023 and PSD-1 impose no local-shareholding or nationality cap on a non-bank payment service provider.	Determination PSD-1 — Licensing and Authorisation of Payment Service Providers in Namibia (Payment System Management Act, 2023; GG No. 8822, GN No. 1, effective on publication; repeals the 2024 PSD-1) — para 7 (application/authorisation), 8.6 (categories), 10.6 (capital), 12.2 (safeguarding)	2026-01-06
Fees	Not officially published: The non-refundable application fee is charged "as prescribed in the Regulations" and the licence fee is "as determined by the Bank in the Payment System Notice" — no official figure is published.	Determination PSD-1 — Licensing and Authorisation of Payment Service Providers in Namibia (Payment System Management Act, 2023; GG No. 8822, GN No. 1, effective on publication; repeals the 2024 PSD-1) — para 7 (application/authorisation), 8.6 (categories), 10.6 (capital), 12.2 (safeguarding)	2026-01-06
Ongoing obligations	Pooled user funds must at all times equal at least 100% of outstanding liabilities, reconciled daily with any deficiency addressed within one business day — the pooled-funds safeguarding obligation (same PSD-1 12.2.4 provision as the e-money slice). Verbatim “At all times, the aggregate value of the pooled funds must equal at least 100% of the value of all outstanding liabilities. These funds must be reconciled on a daily basis, with any deficiencies addressed within one (1) business day.”	Determination PSD-1 — Licensing and Authorisation of Payment Service Providers in Namibia (Payment System Management Act, 2023; GG No. 8822, GN No. 1, effective on publication; repeals the 2024 PSD-1) — para 7 (application/authorisation), 8.6 (categories), 10.6 (capital), 12.2 (safeguarding)	2026-01-06

Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.

The equivalent in other markets

Categories mapped to the same normalized activity — fintech:PAYMENT_PROCESSING:

Cross-border rules for Namibia →