Africa Links 24 with Staff Reporter
Published on 2025-05-15 16:37:34
The Bank of Namibia has announced the successful migration of the Namibia Interbank Settlement System (Niss) to the ISO 20022 global payment messaging standard, marking a major milestone in the country’s financial infrastructure.
The switch became effective on 12 May.
Niss, which serves as Namibia’s real-time gross settlement system, plays a vital role in processing both individual and retail interbank payments.
According to the Bank of Namibia (BoN), between April 2024 and…
Read the Full article on The Namibian
