Subscribe
About

Virtual Card Services Namibia celebrates its first anniversary

This month Virtual Card Services Namibia, a Namibian registered payments service provider for the facilitation of e-commerce transactions, is celebrating its first anniversary since commencing operations in 2014.

Virtual Card Services Namibia enjoyed stable growth during the past 12 months and has fast become a sought after partner in the Namibian e-commerce environment. In addition to growing its business at a staggering rate over the past year, the company partnered with a second financial institution in Namibia, thus giving the local merchant a choice of whom they want to acquire with.

Partnership agreements between a PSP and acquiring banks are just one of the prerequisites of a PSP's registration with the Payments Association of Namibia and the company is rising to the occasion. VCS Namibia aims to expand their partnership agreements to include all major financial institutions in Namibia, thereby levelling the playing field and adding a healthy dose of competition to the Namibian e-commerce environment.

VCS Namibia is excited about what the future holds. The company has a knack for tailoring solutions to address Namibia's unique challenges in the e-commerce space and it has proven that its service levels are unequalled. Who knows what success the next 12 months will hold? Can only be exciting.

Share

Virtual Card Services

Virtual Card Services was established in 1996 to offer a solution to the mail order market that found conventional methods of securing large volumes of credit card payment cumbersome and costly.

With more than 50 years' collective experience in developing and implementing credit, debit and smartcard processing systems for a major card issuer in South Africa, VCS was quick to identify the niche presented in providing a solution that exactly meets these needs.

The 'Virtual Vendor' system, which was developed out of this need, interacts with a bank's existing legacy systems, while meeting the vendor's demand for an automated, electronic transaction system. The business rapidly grew from this point by expanding the scope of services to all organisations requiring automated, high volume and secure credit card payment processing.

The company's client list today boasts a cross-section of businesses that have realised the benefits of automating their credit card transactions.

Editorial contacts