Hormuud Telecom obtains first mobile money license 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 [...]