Namibia adopts global financial messaging standard to boost efficiency, security


WINDHOEK, May 15 (Xinhua) -- The Bank of Namibia announced on Thursday that it has successfully migrated the Namibia Interbank Settlement System (NISS) to the ISO 20022 global financial messaging standard.

The migration to ISO 20022 is part of efforts to align Namibia's payment infrastructure with international standards, the central bank said, adding that it is a global standard currently being adopted by central banks and financial institutions around the world.

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