14
Apr
Martin Endjala Economist and independed bank reseacher has advised businesses and individuals to anticipate longer payment turnaround times once anticipated as cross-border payment comes into effect. Josef Sheehama, said this in an interview with the Windhoek Observer on the impact of the implementation of making and receiving payments across borders within the Common Monetary Area (CMA), encompassing Namibia, Eswatini, Lesotho, and South Africa. He said individuals and entities will be impacted by the Bank of Namibia's Payment System Determination 9, or PSD 9. "This implies that businesses in South Africa will no longer be permitted to collect debit orders from…