Namibians lose N$32.45 million to payment fraud
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Payment fraud cost Namibians N$32.45 million during the first half of 2026. The Bank of Namibia reports that electronic fund transfer fraud was responsible for 67.4% of these losses. This total averages out to N$1.26 million lost every week.
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…