The Bank of Namibia (BoN), partnered with the Payments Association of Namibia and financial stakeholders, to launch the National Payment System (NPS) Vision and Strategy 2026 – 2030 to accelerate digital transformation and promote inclusive economic growth in the African nation.
The NPS will serve as a spear head for the countries vision 2030 which aims to modernize Namibia’s payments infrastructure and strengthen financial innovation. As part of the initiative, the country implemented Open Banking frameworks and established NAMQR code standards to improve payment accessibility and efficiency.
The Bank of Namibia emphasized that these reforms have led to substantial growth in electronic transactions, including card payments, fund transfers, and mobile money use nationwide.
The development of the new strategy for 2026–2030 was described as “inclusive and evidence-based.” It involved extensive stakeholder consultations, industry workshops, and national consumer research to better understand payment behaviors and emerging trends.
Its prospected that updated framework will position Namibia’s national payment system as a key driver of innovation, interoperability, and long-term economic development, while aligning with broader national development priorities.
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Namibia isnt the first country in Africa to embrace the digital payment identity. Other notable mentions are countries like:
Ethiopia
In 2025, Ethiopia’s government set an ambitious target of 90 million digital IDs over the next two years, while São Tomé and Príncipe is digitalizing identity to boost inclusion.
Nigeria
Elsewhere, Nigeria recorded a 276% increase in transaction volume over the past five years, while the value of digital payment transactions grew by 581% over the same period, a January 2026 report by APA News said.
Notably Mozambique and Zimbabwe have also been ramping up their digital transformation efforts. Mozambique announced the establishment of an agency to spearhead its digital transformation plan, while Zimbabwe has launched a national artificial intelligence (AI) strategy.
