Standard Bank – Windhoek Observer

08 Aug

Zhong Mei fights for N$33m garnished by NamRa

ObserverNational NewsBank of Namibia, NamRA, Standard Bank, Zhong Mei fights for N$33m garnished by NamRa

Staff Reporter Zhong Mei Engineering Group has dragged Namra, Standard Bank, Bank of Namibia, and the finance minister to the High Court over N$33m garnished from its account as unpaid tax for 2013 and 2018. The company says Namra instructed Standard Bank to deduct N$33, 031, 543.04 from its account on 12 July 2023 as unpaid tax. According to Zhong Mei, Namra ordered the garnishing order while negotiations to pay off the debt were going on between the parties. The company offered to pay N$2m once off and settle the rest in instalments. Jiang Chong Yaun, who represented Zhong Mei,…

21 Oct

Standard Bank adds new features to PayPulse

ObserverObserver MoneyPayPulse, Standard Bank

Tujoromajo Kasuto STANDARD Bank has introduced new innovative features on their cashless and cardless payment platform, PayPulse. The new features include Bill Splitting, Money Request, own QR code creation, Pay-by-Link option, which they say is also ideal for small businesses. The enhancements will improve the customer’s ease and convenience of using PayPulse while saving time and cost. Standard Bank’s Head of Digital Innovation, Rejoice Itembu, says the bank was continuously pushing the envelope to provide enhanced service experiences to its customers. “These enhancements are a result of feedback from our loyal customers. It encourages us to focus our efforts to…

04 Mar

Sustainable finance, a catalyst for Namibia’s recovery

ObserverUncategorisedCovid-19, Standard Bank

Marco Triebner The Covid-19 pandemic has heightened the focus on climate change and financial instruments that promote sustainable economic development. The pandemic has impeded Namibia’s growth and demanded new approaches to economic development. It has also highlighted the importance of sustainability and environmental, social and corporate governance (ESG) issues. It is noted that pressure is building on financial institutions and non-banking financial institutions, asset managers and corporates to give more attention to environmental, social and governance (ESG) issues in their day-to-day operations. We believe that Namibia is primed for a sustainable finance boom, given its potential in the renewable energy…

17 Sep

PayPulse adds new venders

ObserverUncategorisedPayPulse, Standard Bank

Staff Writer Standard Bank is proud to announce that it has added Liberty Life, Olusheno and MTC Data to its bouquet of partners on its Cardless Transaction Application, PayPulse, as part of the strategy to offer variety and enhance the mobile payment experience for our partners and customers. With the addition of the three partners, Standard Bank says customers are now able to pay their Liberty Life insurance premiums, as well as pay for the off-grid home lighting Olusheno kit and MTC Data using the convenience of PayPulse. “As the leading payment App in Namibia, PayPulse has been at the…

21 Aug

Standard Bank relaunched the Buy-a-Brick Footprint

ObserverObserver MoneyBuy-a-Brick Footprint Socks, Covid-19, Namibia, Standard Bank, Standard Bank (SBN)

Staff Writer Standard Bank (SBN) has relaunched the Buy-a-Brick Footprint Socks campaign which is intended to raise funds for the construction of houses for Namibia’s shack dwelling community. The campaign was initially launched in March this year to mobilize schools in the nationwide effort to raise funds for the construction of low cost house but had to be suspended due to the Coronavirus (covid-19) pandemic. However, despite the prevalence of Covid-19, Standard Bank deemed it necessary to relaunch the campaign to shine light on the plight of the shack dwellers community by raising funds through the selling of the Footprint…

30 Mar

Banks dodge loan relief

ObserverNational NewsBAN, Bank of Namibia, Banks, Covid-19, Namibia Chamber of Commerce and Industry, Standard Bank

Staff Writer Namibian banks are reluctant to offer relief packages to their clients in the wake of the coronavirus pandemic as the country battles to contain any possible transmission from the 11 confirmed cases, despite banks in other countries including South Africa having done so. This comes amid calls for banks operating in Namibia, which have been recording multimillion-dollar profits over the many years, to assist their clients during this period. In South Africa, Standard Bank announced that it will offer a three-month payment holiday for students with loans and small businesses with a turnover of less than N$20 million…