Mobile Money Platforms Changing the Financial Sector in Somalia

[Deeq A.]

The money transfer market in Somalia is one of the most advanced in the world, characterised by citizens both home and abroad transferring billions of dollars in remittances every year. The money transfer market has helped the local population to be able to send and receive money easily from their relatives outside the country and remote workers working for foreign companies to receive their salaries.

Source: Hiiraan Online