Successful Implementation of Domestic Card Scheme in Namibia in View of Global Trends

Abstract

The paper establishes key considerations for successful implementation of a domestic card scheme in Namibia in view of global trends. A qualitative case study approach was employed because interbank domestic card schemes are not fully understood or common in Namibia. Related literature was reviewed and key themes such as strategic partnerships, low cost, ability to build services for the local market, standards, and success factors were further discussed. It can be concluded that there are considerations that should be taken into account before a domestic card scheme is implemented. The recommendation is that these considerations, ceteris paribus, need to be considered before any domestic card scheme is implemented in the Namibian card payment industry.

Keywords: Interbank, Domestic Card Scheme, National Payment System, Banks