A new national contactless payment system will revolutionise business in Somalia, the central bank governor has told the BBC.
Abdirahman Abdullahi was talking after the launch in Mogadishu on Tuesday of what is called SOMQR, which brings digital payments into one system that can easily be used by customers, businesses and banks.
“We have a vibrant and large payment system in Somalia… [but] this has not been connected to banks,” Mr Abdullahi told BBC Newsday.
Contactless payments can be made via a QR code, which means all one needs is access to the internet for secure payment services via banking and other apps.
“It will be beneficial to businesses as well as individuals,” the bank governor said.