The Payment Association of Namibia (PAN) is a registered association not for gain. It is governed by its own Constitution as well as the Payment System Management Act, 2003 (No. 18 of 2003). PAN was duly constituted on 12 August 2005 by the Bank of Namibia as a Payment System Management Body in accordance with section 2(2)(c) of the Act. PAN’s duty is to protect the safety and reliability of the payment system and to ensure that it conforms to international standards and best practices.


PAN’s objectives are to manage, control and organise all matters affecting interbank payments, payment clearing, and netting of interbank obligations within the payment system. It does so in keeping with the following aims:

  • To provide a forum for considering matters of policy and mutual interest that relate to its members
  • To act as a medium for communications with the Bank of Namibia and other regulatory agencies; any financial or other exchange; other public bodies, authorities and officials; the media; the general public; and other private associations and institutions
  • To deal with and promote any other matters of interest to members, and to foster cooperation among its members, and
  • To fairly represent and promote the technical and related interests of all banking institutions.

PAN has therefore geared itself towards adapting to the immense changes taking place in the payments landscape.