Bank of Namibia launches the instant payment project to enhance financial inclusion.

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 […]

April 26, 2024 33

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 […]

April 16, 2024 69