Namibians to pay more, wait longer for SA EFT transactions

NAMPA

2024-09-04

WINDHOEK, 04 September 2024 - Bank of Namibia Principal Economist for Payments Policy Research and Analyis, Henock Shilongo. (Photo: Contributed)

WINDHOEK, 04 SEP (NAMPA) – Namibians intending to send money to South Africa through electronic fund transfers will have to pay more bank charges and wait longer for the money to reflect.
This follows a decision by the Common Monetary Area (CMA) regulators to discontinue processing electronic fund transfer (EFT) payments and collections within the CMA, effective 09 September 2024.
The Bank of Namibia (BoN) has, however, extended the date to 30...

Restricted content

Africa

Namibia leads push for AI use in improved water service delivery

2026-04-01 11:57:25

Diplomats celebrate Namibia's Independence Day

2026-04-01 09:43:15

Nandi-Ndaitwah sends condolences to Algeria over former president’s death

2026-04-01 09:18:02

Namibia assumes AFUR leadership

2026-03-27 09:06:54

Boko commits to strengthening ties with Namibia

2026-03-20 16:27:01

Africa's lack of political will hinders economic growth: !Nawases-Taeyele

2026-03-18 08:55:12

Namibia to operationalise Walvis Bay Corridor secretariat in April

2026-03-13 15:49:00

Zaamwani to chair SASSCAL Council of Ministers

2026-03-12 17:04:34

Nipam to host second AMDIN annual conference

2026-03-12 11:20:26

Namibia commemorates African Peer Review Mechanism Day

2026-03-10 18:42:52

African leaders stress cooperation in parliamentary governance

2026-03-05 18:41:23

Latest NAMPA photos

KEETMANSHOOP, 06 April 2026 - The Erongo Region's Under-20 football team and Kavango East netball team pictured after being crowned winners of the 2026 Nedbank Namibian Newspaper Cup at the Westdene Stadium in Keetmanshoop. Erongo won the match 2-1 against Kunene while Kavango defeated Khomas 35-28. (Photo by: Hesron Kapanga) NAMPA

NAMPA

KEETMANSHOOP, 06 April 2026 - The Erongo Region's football team pictured after being crowned winners of the 2026 Nedbank Namibian Newspaper Cup at the Westdene Stadium in Keetmanshoop. Erongo won the match 2-1 against Kunene. (Photo by: Hesron Kapanga) NAMPA

NAMPA

KEETMANSHOOP, 06 April 2026 - Erongo's Under-20 football team poses for a picture for after being crowned winners of the 2026 Nedbank Namibian Newspaper Cup at the Westdene Stadium in Keetmanshoop. Erongo won the match 2-1 against Kunene. (Photo by: Hesron Kapanga) NAMPA

NAMPA

KEETMANSHOOP, 06 April 2026 - The Kavango East Region was crowned the winner of the 2026 Nedbank Namibian Newspaper Cup at the Westdene Stadium in Keetmanshoop. (Photo by: Hesron Kapanga) NAMPA

NAMPA

KEETMANSHOOP, 06 April 2026 - The Kavango East Region was crowned the winner of the 2026 Nedbank Namibian Newspaper Cup at the Westdene Stadium in Keetmanshoop. (Photo by: Hesron Kapanga) NAMPA

NAMPA