Namfisa dismisses payday loan growth link to debt trap By: Hertha Ekandjo The Namibia Financial Institutions Supervisory Authority (Namfisa), has dismissed sentiments that the recent surge in payday loans signals growing financial distress among consumers, stressing that regulatory safeguards are preventing debt traps. This is despite the observed growth in the number of payday lenders in the first quarter of 2025. According to Namfisa`s 2025 first quarter statistical report, payday loans went u