The Federal Republic of Somalia is a country located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Indian Ocean to the east, and Kenya to the southwest. Link to external site : Website for Somalia |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
0.00 Register/Log In |
| HDI classification | Other |
| Mobile Connections (m) |
1.221 Upgrade to Bronze |
| Currency | SOS |
| Class | |
| CountryISO | SO |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["SO",9.331,232]],"options":{"title":"Countries","region":"SO","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Telcom Somalia",265935],["Telesom, Somaliland",252941],["Nationlink Telecom",243646],["Golis Telecom",232051],["Somafone",218456],["Rest ( 1 )",8013]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",38300],["Q4 2001",63384],["Q4 2002",85780],["Q4 2003",48035],["Q4 2004",68728],["Q4 2005",135070],["Q4 2006",218639],["Q4 2007",343376],["Q4 2008",512682],["Q4 2009",722274],["Q4 2010",960722],["Q4 2011",1221042],["Q4 2012",1475869],["Q4 2013",1724199],["Q4 2014",1962740]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Agent",1],["E-mail",1],["Mobile",2],["Web",1]],"options":{"title":"Initiatives ( 2 of 2 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["MNO",1],["MTO",1]],"options":{"title":"Initiatives ( 2 of 2 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["MM",1],["MW",1]],"options":{"title":"Initiatives ( 2 of 2 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",1],["DMT",2],["IMT",2],["MM",2],["MW",2],["Trade",1]],"options":{"title":"Initiatives ( 2 of 2 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Card",2],["Cash",1],["Wallet",1]],"options":{"title":"Initiatives ( 2 of 2 )"}} |
| Central Bank |
Central Bank Website for Somalia Register/Log In |
| Key Regulations | |
| Type of law |
Hybrid Upgrade to Bronze |
| Legal System |
Mixed legal system of civil law, Islamic law, and customary law (referred to as Xeer) Upgrade to Bronze |
| Law is based on | |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
Jointly Led Upgrade to Bronze |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",6.18],["Banked",40],["Internet",1.1],["Urban",0],["Adult",0],["Literate",0]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 9.33 |
| Adult % | 0.00 |
| Migrants % |
0.00 Register/Log In |
| Stock Immigrants ('000) |
22.80 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 0.00 |
| Female % | 46.50 |
| Literate % | 0.00 |
| Annual Growth % |
| Mobile Penetration % | 6.18 |
| Banked % | 40.00 |
| Access to FS % | 20.11 |
| Internet % | 1.10 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 0.00 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.00 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Other Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |