Staff Writer
The Bank of Namibia, in collaboration with the Payments Association of Namibia and the payments industry, has launched the National Payment System Vision and Strategy 2026–2030 under the theme “Inclusive Payments, Shared Prosperity: Charting the Next Era”.
The strategy builds on progress made under the previous framework, which focused on modernising the payments system. Developments include regulatory reforms, wider use of digital payment services, improved interoperability across platforms and the adoption of standards such as ISO 20022, open banking and NAMQR code. These changes have supported growth in electronic funds transfers, card payments and e-money platforms.
The new strategy was developed through consultations with stakeholders, industry workshops and national surveys on payment behaviour to align with the country’s development priorities.
Acting director of the national payment system and financial surveillance department, Irene Venter, said the strategy is built on five pillars: user focus, trust and resilience, digital enablement, public innovation and knowledge development.
Finance minister Ericah Shafudah said an efficient and inclusive payment system is central to the economy.
“The government, working closely with the Bank of Namibia and industry stakeholders, is advancing a secure and interoperable digital public infrastructure (DPI) to enable inclusive access to services. This includes instant payment capabilities, digital identification, and safe data exchange platforms, with pilot programmes already underway to transition selected government-to-person payments, including social transfers, onto Instant Payments Namibia, enhancing efficiency, transparency, and dignity in public service delivery while strengthening the resilience and global competitiveness of Namibia’s financial system,” she said.
She said pilot programmes are underway to move selected government payments, including social transfers, onto instant payment platforms to improve service delivery and transparency.
