Tag Archives: Hormuud Telecom

Hormuud Telecom unveils its first mobile money app in Somalia

August 4, 2021
Hormuud total mobile subscriptions in Somalia

Waafi is considered as one of Somalia’s major telecom company’s mobile money applications that brings quick impact when it comes to ease access to manage mobile money and other related financial services all in one app. The Waafi app combines mobile money, communication, entertainment, and payments where consumers can access bank accounts, perform online transactions, [...]

Hormuud Telecom obtains first mobile money license in Somalia

March 2, 2021
Total Subscriptions in Somalia

Somalia’s central bank awarded the country’s first mobile money license to Mogadishu-based Hormuud Telecom Somalia Inc, a move intended at developing the country’s digital payments system and integrating it with the global financial system. Hormuud Telecom has approximately 3.6 million subscribers in Somalia, a country of more than 15 million people, and roughly 3 million [...]