Home Africa Namibia: Namibia’s interbank system facilitates massive N$1.2 trillion in transactions – News

Namibia: Namibia’s interbank system facilitates massive N$1.2 trillion in transactions – News

Namibia: Namibia’s interbank system facilitates massive N.2 trillion in transactions – News

Africa Links 24 with Staff Reporter
Published on 2025-05-15 16:36:29

Bank of Namibia communications practitioner Josefina Oskar says the Namibia Interbank Settlement System (Niss) has facilitated over 97 000 transactions with a total value surpassing N$1.2 trillion between April 2024 and April 2025.

She says this following the bank’s successful completion this week of the Niss migration to the ISO 20022 global payment messaging standard.

“As a systematic financial market infrastructure is required to support financial stability, it is important…

Read the Full article on The Namibian

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