Regulatory Alerts2025-06-16
Directive (PSDIR-11) on E-money Interoperability through the Implementation of the Instant Payment Switch in the National Payment System
The Bank of Namibia issued Directive PSDIR-11 to mandate all payment service providers issuing e-money to achieve interoperability through the Instant Payment Switch by 26 February 2026. This requirement aims to eliminate inefficiencies, promote financial inclusion, and establish the Instant Payment Switch as a critical digital public infrastructure for the National Payment System. Providers must implement necessary technical adjustments and submit monthly progress reports to the Bank to ensure compliance with this legally binding directive.
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