The Bank of Namibia will launch its instant payment system before June 2026 as it moves to improve transaction efficiency and expand financial inclusion.
Governor Ebson Uanguta said the platform is at an advanced stage, with several participants already integrated and testing completed.
“We have made very good progress in terms of our instant payment solution, and before June we should be launching it, with a number of participants already having completed system integration and user acceptance testing,” he said.
The system is expected to go live with at least three use cases, targeting broader access to financial services, particularly for underserved groups.
“By the time of launch, we expect at least three use cases, and this solution will help bring people who were excluded from the financial system into formal participation,” Uanguta said.
The Ministry of Finance said the rollout forms part of wider efforts to modernise financial infrastructure and lower transaction costs.
Executive Director Oscar Capelao said the platform will enable faster and more affordable transactions across the economy.
“The instant payment platform driven by the Bank of Namibia represents an important step towards enabling faster, more accessible and more affordable transactions,” he said.
He added that improving access to financial services remains critical to reducing inequality and supporting broader economic participation.
“We cannot speak of reducing inequality if we are not tackling financial inclusion and access to banking products,” Capelao said.
Authorities said coordination between fiscal and monetary institutions will be key to ensuring effective implementation.
