First National Bank (FNB) Namibia has cut all charges on local card swipes from 1 July.
This is part of the bank’s new fee structure aimed at increasing access to banking and encouraging digital use.
It supports financial inclusion across the country, FNB retail banking chief executive Nangula Kauluma says in a statement issued on Tuesday.
“The new structure removes charges on all local card swipes – a first in Namibia,” she says.
The changes also include fee reductions through channels such as Cash@Till and Cash Plus.
Philip Chapman of FNB business banking is quoted as saying the model reflects the bank’s aim to meet the needs of businesses of all sizes.
FNB Namibia says these changes follow a review of customer needs and banking trends.
The bank encourages customers to explore the details on its website or at any branch countrywide. – Nampa
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