Windhoek: United PayPoint, a subsidiary of United Africa Group (UAG), has achieved full authorisation from the Bank of Namibia to issue e-money and offer third-party payment services. Additionally, the company has obtained a micro-lending licence from the Namibia Financial Institutions Supervisory Authority (Namfisa).

According to Namibia Press Agency, United PayPoint, a FinTech company operating as a payment service provider, aims to deliver digital payment solutions such as mobile wallets, Point of Sale systems, and e-commerce platforms. These solutions are designed to bridge the gap between the banked and unbanked populations across Namibia.

Speaking at the inauguration of United PayPoint, UAG Chairperson Martha Namundjebo remarked that these approvals represent trust and a shared commitment to establishing an inclusive financial system. ‘Today, as we inaugurate United PayPoint, we hear the sound of those drums announcing a new beginning for financial services in Namibia, a beginning that promises convenience, value and opportunity for every citizen,’ she stated.

The Deputy Governor of the Bank of Namibia, Leonie Dunn, highlighted the importance of this milestone for the nation’s digital economy during a speech delivered on her behalf. She stated, ‘Innovation is the bridge, technology is the accelerator, and collaboration is the force that will carry us forward.’ Dunn emphasized that United PayPoint’s integration into the national payment system marks a significant achievement not just for the organisation but also for Namibia as a whole.

Haddis Tilahun, Executive Director of United Africa Group, reflected on the journey to secure the necessary licences. He emphasized the platform’s potential to address long-standing challenges in payment delivery and security by stating, ‘We imagined how fast, reliable and positively we could deliver money. Today, that imagination has become a reality with a solution that is simple, secure and ready to reach both the banked and unbanked.’