Somalia Unveils Groundbreaking Nationwide Instant Payment System with BPC
Somalia's New Digital Payment Era: Transforming Financial Access and Inclusion
March 24, 2025 – Mogadishu: The dawn of a new financial era has arrived in Somalia with the launch of the country's first-ever Instant Payment System, spearheaded by the Somalia Payment Switch (SPS). This groundbreaking system, bolstered by BPC’s cutting-edge SmartVista platform, marks a pivotal step in the modernization of Somalia's financial landscape. The Central Bank of Somalia (CBS) stands at the helm of this ambitious project, aiming not…