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The Payment Association of Namibia (PAN) is a not-for-gain organisation, which is governed by a constitution and the Payment System Management Act, No. 18 of 2003. PAN was duly constituted on 12 August 2005 by the Bank of Namibia (BoN) as payment system management body as contemplated in section 2 (2) of the Act. PAN’s aspiration remains to safeguard the safety and reliability of the payment system and to ensure that it conforms to international best practices and standards.
