By: Josef Kefas Sheehama
Even though it usually causes people to feel more nervous, it’s critical to keep in mind that compliance, security, and safety are important in a world of highly sophisticated financial crime.
The Bank of Namibia released PSD-9 in 2022, and the new regulation may have taken effect on April 15, 2024. The Bank of Namibia’s most recent directive has extended until September 2024 the date of implementation for cross-border payments under PSD-9.
It specifies how electronic fund transfers (EFTs) transactions are to be carried out within the National Payment System, with the goals of ensuring their cost-effectiveness, efficiency, safety, and security.
Comments