Regulatory Alerts2022-07-25
Bank of Namibia Determination on the Conduct of Card Transactions within the National Payment System (PSD-4)
The Bank of Namibia issued this determination to regulate the conduct of card transactions within the national payment system, replacing the previous PSD-4 framework. It mandates that domestic card transactions be processed, cleared, and settled domestically, while strictly prohibiting cross-border acquiring and processing for such transactions. The document further establishes specific authorization requirements for card issuers and sets out conditions for the domestic processing of regional and international card transactions.
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