insert_link Local Bank of Namibia launches the instant payment project to enhance financial inclusion. The Bank of Namibia today officially launched the Instant Payment Project, a pioneering initiative set to revolutionize financial services across Namibia. With a targeted official launch year of 2025, the project aims to significantly broaden financial inclusion by providing essential and affordable financial services to all whilst focusing on the rural and informal sectors which face logistical and financial challenges in accessing conventional banking services. In 2023, the […] todayApril 26, 2024 27
insert_link Local NAMFISA takes measures to address rising cost of medical aid contribution rates The Namibia Financial Services Supervisory Authority (NAMFISA) has embarked on proactive measures aimed at securing the long-term sustainability of the medical aid fund industry. In response to the escalating challenges posed by rising medical aid contribution rates, NAMFISA is dedicated to member well-being and industry sustainability, and has implemented a temporary cap on some funds’ annual contribution increases, limiting it to a single-digit percentage (maximum increase of 9.99%). The […] todayDecember 8, 2023 9
