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Business / Economics

Common Monetary Area payments set to change

todayMarch 22, 2024 17

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The banking sector will, as of 15 April 2024, change the way clients make and receive payments between Namibia, Eswatini, Lesotho, and South Africa. After that date all cross-border EFT payments processed and received by clients within the Common Monetary Area will no longer be processed as domestic payments, but will instead be initiated as global, or international payments. Here is FNB Namibia Payments Manager Albert Matongela with more.

Written by: Staff Writer

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