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In 2021, Hormuud launched Somalia's first indigenous mobile money application, which gives Somalis access to a range of digital services across a singular platform for the first time. On the WAAFI app, consumers can access bank accounts , perform online transactions, send international remittances, and make international and domestic phone calls.
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
Dahabshiil (Somali: Dahabshiil, Arabic: دهب شيل) is a Somali funds transfer company, and is the largest money-transfer business in Africa. [1] It's headquartered in Burao Somaliland . [ 2 ] Formed in 2004, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries. [ 3 ]
Doxo is an industry leader in online bill payment services, helping more than 10 million people pay their bills on time and avoid late fees. It’s free to pay bills when you use a linked bank ...
Salaam Bank's personal banking services include current accounts and savings accounts. The current accounts permit clients to pay for utilities through online, mobile, and direct debit orders, receive and wire international transfers, make payments via checks, use the Salaam Debit Card for purchases/withdrawals at ATM and EFTPOS locations, and access their accounts online and through mobile ...
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
Somalia is a country located in the Horn of Africa. It has maintained a healthy informal economy , based mainly on livestock , remittance / money transfer companies and telecommunications . [ 1 ] [ 2 ] Due to a dearth of formal government statistics and the recent civil war , it is difficult to gauge the size or growth of the economy.
Salaam Somali Bank was established in October 2009. [2] It was the first bank to operate in Somalia since 1991, and was founded to provide trusted banking services to Somali businesses and communities, as well as reconstruct the country's banking system to facilitate economic development and growth.