Imelda Ambondo
Namibia has launched the National Payment System (NPS) Vision and Strategy 2030 aimed at modernising the country’s payment systems and expanding access to digital financial services.
Speaking at the launch, Finance Minister Ericah Shafudah said an efficient and inclusive payment system is central to economic growth.
“The bloodstream of any modern economy, enabling the seamless flow of money, trust, and economic activity across households, businesses, and government,”She said.
Shafudah said the vision provides a clear direction for strengthening Namibia’s digital financial ecosystem and ensuring infrastructure supports a growing digital economy.
“Fast, affordable, and secure payments are no longer a convenience, but a necessity for full participation in the economy,”she said.
Acting Director for National Payment System and Financial Surveillance at the Bank of Namibia, Irene Venter said the strategy marks an important milestone in enabling services such as insurance, savings and lending through e-money solutions.
“This speaks to the testament of our enabling laws and the growth of our national payment system,” she said, adding that the expansion reflects stronger oversight and broader participation in the financial sector.
Acting Chief Executive Officer of the Payments Association of Namibia, Mbapeua Kauuova, said the vision reflects a shared understanding of the need for a modern, efficient and secure payment system.
He said such a system is “fundamental to financial stability” and a key driver of economic growth, financial inclusion and digital transformation in Namibia.
Kauuova said the success of the strategy will depend on commitment from all stakeholders. “The vision must not only inspire but also equally commit to action and translate the vision into a tangible outcome that will benefit businesses, consumers and the Namibian economy at large,” he said.
He added that the Payments Association of Namibia remains committed to supporting the implementation of the strategy in collaboration with the Bank of Namibia and other stakeholders.
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