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Bank Windhoek launches Visa Credit Cards which can be used globally

Bank Windhoek launches Visa Credit Cards which can be used globally

Bank Windhoek recently introduced its Gold and Platinum Visa Credit Cards, which can now be used globally.

The Visa Gold Credit Card is targeted at Selekt 2000 Account holders while Selekt 5000 and Selekt 10,000 customers have access to the Visa Platinum Credit Card. Both credit cards can be used globally.

The Visa Platinum and Visa Gold Credit Cards offer a 55 days interest free period on all transactions and free POS and e-commerce (online) transactions.

“Customers also receive Fraud Claims Cover and Travel Insurance on both cards at no extra cost,” said Bank Windhoek’s Executive Officer of Retail Banking Services, Chris Matthee.

Potential customers are required to have a Bank Windhoek Current or Transactional Account to qualify for this facility. Bank Windhoek’s Visa Gold and Platinum Credit Cards are linked to these Current or Transactional Accounts and can thus be viewed and managed via Internet Banking and the Mobile App

“This is a long sought-after milestone for Bank Windhoek. The new Bank Windhoek Visa Gold and Platinum Credit Cards are our customers’ pass to risk-free online transacting and single-view management of accounts on the Bank’s electronic banking channels, including our Mobile App and iBank. Most importantly, these Bank Windhoek Visa Gold and Platinum Credit Cards offer our customers the lifestyle they deserve,” said Matthee.

Other features of the cards include: Free balance enquiries at Bank Windhoek ATMs; free 24 hour access via the Bank Windhoek Mobile App and Internet Banking; instant transfers between your credit card and other Bank Windhoek accounts; free SMS notifications; attractive interest rates on a positive balance and sending an EasyWallet from your Credit Card account, using Internet Banking, our Mobile App and Cellphone Banking

“In terms of security, the cards are fitted with a chip, which offers better security and has a sleek, minimalistic and modern design,” added Matthee.


Caption: Bank Windhoek’s Executive Officer of Retail Banking Services, Chris Matthee said customers who wish to apply or those that might need more information, visit any Bank Windhoek Branch or Agency or visit www.bankwindhoek.com.na.


 

 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.