Ecosystem services are the benefits that ecosystems provide to humanity, from clean air and water to food production and cultural experiences. Payment for Ecosystem Services (PES) is a concept for compensating individuals or communities for the positive impact they generate by maintaining or enhancing ecosystem services. PES originated in the late 1990s as a response to the lack of funding for conservation and sustainable management of natural resources. The development of various mechanisms led to a significant diversity of PES schemes at the local, regional and national levels, with more than 550 active programmes worldwide and an estimated value of USD 36-42 billion in 2018. The varying success rates of these mechanisms show that appropriate design of the PES mechanism for the local situation is crucial. Namibia struggles with bush encroachment, a process in which woody plant species become the dominant component of savannahs. It is observed that up to 45 million hectares of the country’s savannah ecosystem is affected. As a result, the carrying capacity of the land is reduced, threatening the livelihoods of farmers. Bush encroachment can also reduce further ecosystem services such as groundwater recharge, biodiversity, soil conservation, as well as recreational and tourism services. Implementing PES financing aligns with the key priorities of the 'National Strategy on the Sustainable Management of Bush Resources', particularly regarding resource mobilisation. Introducing PES schemes to restore savannah ecosystem services within the context of bush encroachment could incentivise farmers to adopt more environmentally friendly thinning and post-harvesting practises.