Input sought on Multilateral Agreement Exemption Application of PAN and Participating Banks

The Commission herewith confirms that it has received an exemption application in terms of Section 27(1) of the Namibia Competition Act no.2 of 2003, from the Payments Association of Namibia (PAN) and participating banks to obtain relief from certain provisions of Part 1 of Chapter 3 of the Act. The exemption application relates to a decision by PAN and agreement(s) between the participating banks concerning the collective determination of interchange fees.

As part of the Commission’s consideration of the exemption application, the Commission is currently seeking input from the public in respect of the implications that may arise as a result of the collective determination of interchange fees by PAN and the participating banks.

In order to obtain a detailed Report on the multilateral agreement of PAN and participating banks, send your request to martha.hawanga@nacc.com.na and ashely.tjipitua@nacc.com.na