submitted over 7 years ago by lexacon
- A World Bank report reveals that Somalia has a highly active mobile money market, surpassing cash usage and facilitating around 155 million transactions worth $2.7 billion monthly.
- The success of mobile money in Somalia is driven by widespread mobile phone ownership, the nomadic lifestyle of many residents, and the lack of traditional banking services, although it faces risks like weak regulation and potential for misuse.
Advertisement
No comments yet
Be the first to share your opinion!
kenya
malawi