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Somalia

Somalia National Payment System

Scheme name: Somalia National Payment System

IIPS Type: Bank

Instruments: Credit EFT, Debit EFT, E-money, Card

Channels: Browser, POS, ATM, Branch

Inclusivity level: Not ranked

Year of establishment: 2022

System owner: Central Bank of Somalia

Overseer: Central Bank of Somalia

Operator: Central Bank of Somalia

Total Participants: 9

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CategorySomalia National Payment System
Geographic reachDomestic
Geographic descriptionSomalia
Scheme governanceCentral Bank of Somalia
Settlement agentCentral Bank of Somalia
Participants - commercial banks9
Participants - MMOs0
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 2018N/A
Volumes 2019N/A
Volumes 2020N/A
Volumes 2021N/A
Values 2018N/A
Values 2019N/A
Values 2020N/A
Values 2021N/A
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyCentral bank
Messaging standardN/A
Types of proxy IDsN/A
Use of open APIsN/A
QR code standard No
Pro-poor governanceOui
CB governance involvementYes

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