Enhanced Credits

EnCR (Enhanced Credits) is one of the new payment streams making up NamPay.

EnCR facilitates payment to any Namibian Bank. Due to more frequent settlements between domestic banks during the day, EnCR payments will reflect on the same day.

  • Payments can continue to be made to any bank beneficiary but will now be processed on the new industry standard ISO20022
  • Transactions are processed by means of “trickle-feeding” between the banks as received in the business day between 08h00 and 16h00 and are therefore not subject to overnight or multiple day clearances unless submitted following the close of the business day
  • The audit trail of the processed payment is maintained such that a payment customer can easily track their transactions at any stage
  • An electronic process is in place to handle transactions processed erroneously
  • Data enriched messages allow for better anti-money laundering controls to prevent fraudulent activity