Somalia

Topic: 
Remittances
Region: 
East & Horn of Africa

Somalia boasts a comparatively developed telecommunication infrastructure where mobile phones are used as popular platforms for the receipt and transmission of remittances. The Central Bank of Somalia (CBS) requested technical assistance from the Action in April 2015 to support the country’s efforts in the regulation of mobile money transfers through a series of recommendations to fine-tune its draft Mobile Money Services Provider Licensing Regulation.

 Baseline Assessment Report