Namibia Launches National Payment System Vision 2026–2030 to Boost Digital Economy
The Bank of Namibia noted that these reforms have contributed to strong growth in electronic transactions, including card payments, electronic funds transfers, and mobile money usage across the country.
The Bank of Namibia , in collaboration with the Payments Association of Namibia and stakeholders across the financial ecosystem, has launched the National Payment System (NPS) Vision and Strategy 2026–2030, aimed at accelerating digital transformation and inclusive economic growth.
Unveiled under the theme “Inclusive Payments, Shared Prosperity: Charting the Next Era,” the new strategy sets out a roadmap to modernise Namibia’s payments infrastructure and strengthen its role as a foundation for financial inclusion and innovation.
According to the central bank, the initiative builds on progress achieved under the previous NPS Vision 2025 framework, during which Namibia recorded significant advancements in payment system modernisation. These include regulatory reforms, increased interoperability across payment channels, expansion of digital payment services, and adoption of global standards such as ISO 20022. The country also introduced Open Banking frameworks and NAMQR code standards to enhance payment efficiency and accessibility.
The Bank of Namibia noted that these reforms have contributed to strong growth in electronic transactions, including card payments, electronic funds transfers, and mobile money usage across the country.
The development of the new 2026–2030 strategy was described as inclusive and evidence-based, incorporating extensive stakeholder consultations, industry workshops, and national consumer research to better understand payment behaviours and emerging trends.
Authorities say the updated framework is designed to position Namibia’s national payment system as a key driver of innovation, interoperability, and long-term economic development, while aligning with broader national development priorities.
