A payment order for a certain amount of money sent to a foreign bank in a foreign currency or in foreign currency to a domestic bank on the basis of the ordering customer’s instruction.
An outgoing payment order is when Bank BIC Namibia Limited’s customer has purchased or sourced a service or product from an international exporter. Payment must be made to the supplier via Bank BIC Namibia Limited to the overseas beneficiary bank.
- It is a secure form of payment
- It is convenient and fast
- Funds sent are available after 3 working date or on the value date