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.

She says this following the bank’s successful completion this week of the Niss migration to the ISO 20022 global payment messaging standard.

“As a systematic financial market infrastructure is required to support financial stability, it is important that Niss is managed…