Skip to main content

CASHBACK: Nedbank Cash Withdrawals @ Pick n Pay Outlets

An initiative that can only be described as a major vote of confidence in the domestic retail sector, has seen banking industry giant, Nedbank Namibia, partner with Model Pick n Pay (part of the Ohlthaver & List Group of companies), to bring banking to the very edge of convenience, with its groundbreaking, first-for-Namibia, CashBack initiative.


CashBack enables Nedbank Namibia customers to withdraw up to N$ 1 500.00 in cash, using a Nedbank debit card and a valid PIN (personal identification number) entry, even after the daily ATM withdrawal limit is exceeded, with the same affordability as a transaction from an ATM, at Pick n Pay cash registers (tills) throughout Namibia.

At the launch of the initiative in August 2013, Nedbank Namibia deputy managing director, Lionel Matthews, emphasised at the core a drive to take banking services to customers, with a focus on accessibility and convenience, via innovative products like the CashBack facility, now available at Pick n Pay retail outlets countrywide. He also mentioned that a significant focus area for Nedbank in Namibia is to provide potential and existing clients with innovative banking solutions.  



(Photograph: Lionel Matthews, Nedbank Namibia Deputy MD, left)

The partnership for this initiative is ingenious, to say the least. The Pick n Pay group has the largest footprint, in terms of retail, distribution and warehousing presence, in Namibia and outlets in every town accessible by road. Nedbank customers are now able to pay for their grocery goods and withdraw cash at a single point and location, their favourite and closest Pick n Pay outlet. In addition, Nedbank customers no longer have to queue at ATMs (automatic teller machines) in order to make use of retail services, like shopping, or avoid accessing a retailer altogether should an ATM be out of order. 

Nedbank Namibia’s CashBack facility is a first for banking in Namibia but has been operating successfully in South Africa for almost 7 years, with convenience kiosks offering a limited range of financial services. The concerns Namibian customers and regular ATM users have regarding security around the latter, are adequately addressed with secure in-store cash withdrawal facilitated by the Pick n Pay cash registers. Industry experts have noted that since the launch of the initiative in South Africa, in-store cash withdrawals increased significantly and are considered by customers as more secure than ATM withdrawals, especially if suspicious characters are spotted in the vicinity of the ATM (card-skimming, fraudsters, mugging) or if the ATM was visibly tampered with. 


(Photograph: Henry Feris, Managing Director, Model Pick n Pay)

On the day of the launch, Henry Feris, managing director of Model Pick n Pay, mentioned the importance of saving time with the Nedbank CashBack facility, which allows for customers to shop and withdraw cash in-store, at the same time. As part of its purpose encapsulated in the statement ‘Creating a Future, Enhancing Life’, Model Pick n Pay wholeheartedly welcomed the CashBack initiative and thanked customers for their continued support.

A purchase of a nominal amount must be made at Pick n Pay stores to activate the CashBack functionality.  

Comments

Post a Comment

Popular posts from this blog

PRESS RELEASE: Insight Namibia Magazine Celebrates 100th Edition (September 2013)

In a magazine market known for its fly-by-nights and flash-in-the-pans, Insight Namibia cc marks its 100th monthly edition with the September 2013 issue . The first edition appeared in September 2004 and throughout the last nine years, Insight maintained its position as Namibia's premier current affairs magazine . Originally started and currently based in Windhoek, Namibia, the magazine's founders, Robin Sherbourne, David Lush and Tangeni Amupadhi,  journalists in their own right, at the time (2004) wrote that Insight was 'born out of a feeling that Namibians yearn for more than just hard news.' Readers were promised a publication that went beyond the daily headlines and covered 'the story behind the story' . The magazine was not started with a bank loan; the pioneers pooled their savings to get it off the ground and to this day, that same financial discipline, has ensured that Insight has never taken a loan to cover its operating, printing and overhead cos...
52 comments
Read more

Tattoo: Ethiopian Coptic Cross (Meskel) Design

     C hristianity arrived on the shores of southern Africa approximately 600 years ago, and unbeknownst to the bright-eyed European missionaries who disembarked from sodden ships at the Cape of Good Hope, it had been practiced on the African continent, and flourished as an independent religion for almost 1,000 years before, in Ethiopia. Today, the oldest Christian faith on the continent, rumoured to be closest in resembling early Christianity, is the Ethiopian Coptic Church (or the Ethiopian Orthodox Tewahedo Church).      The cross is the popular universal symbol of Christianity and across the world, in every Christian community, it remains within the parameters of a simple design (+) , almost 2,000 years old. The Ethiopian Coptic Church is the only known Christian community that produces a remarkable version of the cross, called ''meskel''; even more remarkable, this development occurred independent of the influence of European Christianity. Meskel pat...
25 comments
Read more

RECYCLE NAMIBIA FORUM: 6th Schools' Recycling Competition

The Recycle Namibia Forum (RNF) is once again inviting schools to participate in the 6 th Schools Recycling Competition (SRC) which commences on 1 March 2014 . Prizes for the top three schools with the most collected recyclables, includes N$10 000 as first prize sponsored by Namibia Breweries Limited, N$5 000 for second prize sponsored by Collect-a-Can and a third prize of N$2 500 from Plastic Packaging.  There will be additional prizes for the best performing school in the Khomas, Coastal and Northern regions. (Photograph: Eleanor Savage - f, Jonathan Wepener - b and Alex Hawala - r, of  the Windhoek International School Environmental Club) RNF chairperson Patricia Hoeksema comments: “The winner of the 2013/14 competition will be announced in Windhoek on the 12 th of March 2014. In total, 52 schools participated last year i.e. 2013/ 2014. To date, the schools have in total collected just more than 108 tons of recyclables , which consisted of ...
28 comments
Read more