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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

cross-border payments

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Business / Economics

S.A Reserve Bank Governor Warns of Inflation Risks

South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […]

todayFebruary 26, 2025 34

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Business / Economics

Morning Biz News – 21 February 2025

Namibia Poised for Historic Trade Milestone Namibia is set to make history with its first export under the African Continental Free Trade Area (AfCFTA), marking a significant milestone in the country’s trade expansion efforts. According to The Brief publication, the Chamber of Commerce and Industry has called on local businesses with consignments ready for shipment by next month to participate in this groundbreaking initiative. The move is expected to enhance […]

todayFebruary 21, 2025 20

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Local

FNB First to Launch Enhanced Cross-Border Payments with BankservAfrica’s TCIB Solution

11 November 2024 WINDHOEK, NAMIBIA – Cross-border payments are a lifeline for many people and businesses in Africa. These customers rely on fast, secure, and cost-effective payment offerings to manage the daily transfer of funds to friends, associates, and family members in other countries. To meet the evolving needs of its customers, FNB has partnered with BankservAfrica for its Transactions Cleared on an Immediate Basis (TCIB) system. This solution will […]

todayNovember 12, 2024 17

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Business / Economics

FNB launches real-time cross-border payments

FNB has teamed with BankservAfrica to offer near real-time cross-border payments within the Common Monetary Area, covering Namibia, South Africa, Lesotho, and Eswatini. FNB clients can now transfer up to N$ 25 thousand instantly, 24 hours per day, across borders with enhanced security and lower costs. The move aligns with regulatory compliance under Namibia’s grey-listing status.

todayNovember 7, 2024 129

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Namibia

BON PSD-9 Directive: The cross-border payment system’s anatomy and operations

      Opinion Piece By Josef Kefas Sheehama   Even though it usually causes people to feel more nervous, it's critical to keep in mind that compliance, security, and safety are important in a world of highly sophisticated financial crime. The Bank of Namibia released PSD-9 in 2022, and the new regulation may have taken effect on April 15, 2024. The Bank of Namibia's most recent directive has extended […]

todayApril 16, 2024 75