{"id":77132,"date":"2024-09-24T17:43:00","date_gmt":"2024-09-24T17:43:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners"},"modified":"2024-09-24T17:43:00","modified_gmt":"2024-09-24T17:43:00","slug":"bank-windhoek-launches-offering-for-low-income-earners","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners","title":{"rendered":"Bank Windhoek launches offering for low-income earners"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Bank Windhoek has launched a mass market option focused on providing banking solutions to low-income earners.<\/b><\/p>\n

In a statement last week, the bank announced the new option, Selekt Red.<\/p>\n

Selekt Red offers access to an affordable and flexible account, with options to suit the customer\u2019s lifestyle.<\/p>\n

\u201cBacked up by research with various stakeholders, Bank Windhoek will facilitate this offering to regular income earners between N$3 000 and N$15 000,\u201d noted the statement.<\/p>\n

Bank Windhoek\u2019s executive officer for retail banking services and specialist finance James Chapman said the mass market\u2019s size significantly impacts the economy\u2019s sustainability.<\/p>\n

With Selekt Red, Bank Windhoek seeks to invest in a value proposition that inclusively serves many Namibians, he said.<\/p>\n

\u201cThis approach will ensure that Bank Windhoek remains a connector of positive change, contributing to society\u2019s overall well-being while making innovative and personalised offerings available,\u201d he added.<\/p>\n

According to Chapman, the account will offer clients multiple savings pockets.<\/p>\n

\u201cThe customer can access a custom range of benefits, while choosing an option that fits their pocket,\u201d he said.<\/p>\n

\u201cThe account can hold multiple savings pockets for goals set, and fixed and flexible savings products for the customer and their friends and family.<\/p>\n

The Swipe and Save feature within the account allows a customer to save on the go,\u201d said Chapman.<\/p>\n

He added that clients can now also access credit with the Selekt Red credit card.<\/p>\n

\u201cClients can access existing credit facilities such as personal loans, housing loans, car loans and the Selekt Red credit card.\u201d<\/p>\n

The monthly bank costs start from N$65, depending on the customer\u2019s choice.<\/p>\n

Additional features include automatic funeral and legal cover for life\u2019s unexpected events, to help customers protect what matters the most.<\/p>\n

\u201cThe bank will also offer drafting of the customer\u2019s wills and testament and safe custody thereof.<\/p>\n

The review of a customer\u2019s will, estate planning and financial advisory services will also be free of charge,\u201d said Chapman.<\/p>\n

To deal with banking criminal activities that are on the rise, Chapman said the new offering will come with financial education centred around how clients can protect themselves from fraud.<\/p>\n

\u201cThe Selekt Red offering will include financial education, fraud protection and prevention content centred on cybercrime and digital fraud,\u201d said Chapman.<\/p>\n

A mass market is a large group of current and prospective customers whose individual members share similar needs.<\/p>\n

The size of a mass market depends on the product category. Mass marketers typically aim at between 50% and 100% of the total market potential.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Bank Windhoek has launched a mass market option focused on providing banking solutions to low-income earners. In a statement last week, the bank announced the new option, Selekt Red. Selekt Red offers access to an affordable and flexible account, with options to suit the customer\u2019s lifestyle. \u201cBacked up by research with various […]<\/p>\n","protected":false},"author":84,"featured_media":77131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-77132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nBank Windhoek launches offering for low-income earners - Namibia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Windhoek launches offering for low-income earners\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Namibia. Bank Windhoek has launched a mass market option focused on providing banking solutions to low-income earners. In a statement last week, the bank announced the new option, Selekt Red. Selekt Red offers access to an affordable and flexible account, with options to suit the customer\u2019s lifestyle. \u201cBacked up by research with various […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-24T17:43:00+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bank Windhoek launches offering for low-income earners\",\"datePublished\":\"2024-09-24T17:43:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners\"},\"wordCount\":434,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners\",\"name\":\"Bank Windhoek launches offering for low-income earners - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg\",\"datePublished\":\"2024-09-24T17:43:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg\",\"width\":750,\"height\":438,\"caption\":\"Bank Windhoek launches offering for low-income earners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank Windhoek launches offering for low-income earners\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bank Windhoek launches offering for low-income earners - Namibia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners","og_locale":"en_US","og_type":"article","og_title":"Bank Windhoek launches offering for low-income earners","og_description":"Africa-Press – Namibia. Bank Windhoek has launched a mass market option focused on providing banking solutions to low-income earners. In a statement last week, the bank announced the new option, Selekt Red. Selekt Red offers access to an affordable and flexible account, with options to suit the customer\u2019s lifestyle. \u201cBacked up by research with various […]","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-09-24T17:43:00+00:00","author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Bank Windhoek launches offering for low-income earners","datePublished":"2024-09-24T17:43:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners"},"wordCount":434,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners","name":"Bank Windhoek launches offering for low-income earners - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg","datePublished":"2024-09-24T17:43:00+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/09\/Hazrati1727187228.732801.jpg","width":750,"height":438,"caption":"Bank Windhoek launches offering for low-income earners"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/bank-windhoek-launches-offering-for-low-income-earners#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"Bank Windhoek launches offering for low-income earners"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/77132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=77132"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/77132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/77131"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=77132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=77132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=77132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}