The Bank of Namibia has placed significant investment in implementing digital solutions to extend customer reach
The African banking market has become a hotbed of innovation . In a bid to promote financial inclusivity , enable simplification and boost accessibility , Namibia is increasingly embracing digital tools . In many cases , digital platforms and apps are continually favoured over traditional retail banking services .
Established in 1990 from the South Africa Reserve Bank following the country ’ s independence , the Bank of Namibia ( BoN ) remains unique in its position as the sole institution able to print currency and works with local governments in the public sector .
With five BoN commercial banks in Namibia – Bank Windhoek , First National Bank , Standard Bank , Nedbank and Small and Medium Enterprises Bank , BoN adheres to global standards , and is investing in financial solutions which provide increased accessibility and fairness across the financial sector at large .
Providing enhanced accessibility Following on from the establishment of the e-Government project in Namibia , BoN has worked to implement new , customerfocused digital tools to remain abreast
270 April 2018