NamPost Savings Bank Ltd. has launched a “Tourist Card” for consumers visiting Namibia.
Individuals may use the proprietary card to withdraw or deposit cash at the bank’s ATMs and to pay for fuel, vehicle rentals, hotel accommodations and groceries, according to the bank. Consumers authorize transactions initiated with the prepaid smart card using fingerprint biometrics.
The biometric-reading payment terminals are small and portable, and they connect to the system host via an analogue telephone line or GPRS using a SIM card from local mobile operators. The bank continues to target various merchants for the POS network.
The fee for the card is N$50 (US$6 or 5 euros). Smart Switch Namibia (Pty.) Ltd. manufactures the cards.
Any of the country’s 128 post offices may offer the card, a spokesperson for the bank tells PaymentsSource.
Tourists first must fill out an enrollment form to open an account with the bank. They may make deposits into their accounts in foreign currencies for a charge of 60 cents per N$100, up to a maximum deposit of N$200, according to NamPost Savings. Cash withdrawals cost N$1.50 per N$100, and purchases cost about N$3.70 per transaction, he says.
Consumers also may transfer funds from one card to another or into accounts at any bank in the country, the bank notes in a statement.
Customers also are eligible for a N$15 refund if the card is returned undamaged, the spokesperson notes, adding they may transfer any remaining funds into a bank account in their home country electronically.
The bank says will replace the card within 10 days and upload the funds again if a card is stolen and lost.