Namibians lose N$32.45 million to payment fraud

Source: The Namibian · 2026-11-15T05:00:00.000Z · Finance

PAYMENT fraud cost Namibians N$32.45 million in the first six months of 2026, with electronic fund transfer fraud making up 67.4% of the losses, the Bank of Namibia reports. This amounts to an average of N$1.26 million per week. Electronic fund transfer (EFT) fraud accounted…

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