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Cheque phase-out deadline set for 30 June 2019

Cheque phase-out deadline set for 30 June 2019

Nedbank Namibia said this week it has started implementing measures to ensure that clients’ concerns are adequately addressed through alternative payment solutions due to the phasing out of cheques countrywide as of 30 June 2019.

Richard Meeks, Nebdbank’s Executive for Retail and Business Banking encouraged members of the public to start making use of alternative means of payment. “Especially business owners and farmers who still make use of cheques as a means of payment, are encouraged to start incorporating other payment methods which are made available by Nedbank Namibia,” he emphasised.

He said this includes Electronic Fund Transfer (EFT) payments via the Nedbank Internet Banking and the Nedbank Mobile App, fleet cards as alternative for petrol purchases, Cash-Out at retail shops with a Nedbank Point of Sale device, ITAS integration for tax payments to the Ministry of Finance as well as making use of PayToday, which is a simple, safe and social way to pay friends, family and businesses straight from a client’s smartphone.

Nedbank Namibia will no longer order cheque books as of this month and will not accept cheques issued after 01 February 2019 as a means of payment.

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