Population
20MSomalia | |
|---|---|
mkt_so |
Somalia is a smaller payments market in EMEA. Payments span cards, bank transfers, digital wallets and cash-based channels.
Banked Population
38.7%GDP
$13BGDP per Capita
$661.2Payment Methods
Payment methods with an explicit availability relationship to Somalia.
Cash in Somalia
Cash access and physical payment acceptance in Somalia, covering withdrawals, ATMs, cards and POS terminals.
Cash Withdrawals
-ATM Machines
-Cards
-POS Terminals
-Schemes
Schemes connected to Somalia, using the same four-metric model as the overview.
Systems
Systems connected to Somalia, using the same four-metric model as the overview.
PSPs
Provider processing and payout characteristics for payment methods linked to Somalia.
No PSPs have been mapped yet.
Compliance
Regulators and regulations connected to Somalia.
Regulator(s)
Central Bank of Somalia
Regulation Category
Standards
Standards directly scoped to Somalia. Required means mandatory for participants in the relevant rail; contractual and conditional items apply only to the related product or flow.
Standard CategoryApplicability