Namibia's Interbank System Facilitates Massive N$1.2 Trillion in Transactions

Namibia's Interbank System Facilitates Massive N$1.2 Trillion in Transactions

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.

Namibia’s interbank payment system migrates to global standard

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 …