Somalia’s payment landscape is characterized by a strong reliance on cash, but the country is witnessing a growing adoption of mobile money solutions, driven by the need for greater convenience and accessibility. Cash is the most prevalent payment method, but mobile money platforms like Dahabshiil and Zaad are becoming more popular, especially in rural areas. This shift is fueled by a desire for greater convenience and accessibility. Somalia’s payment system is largely informal and cash-based, with limited access to formal financial services and widespread insecurity affecting banking infrastructure and the adoption of digital payment methods. Mobile money services have emerged as a significant alternative, offering some level of financial inclusion in areas with limited access to traditional banking, but security and regulatory challenges persist.
Estimated Population
15 million
Currency
Somali shilling (SOS)
All supported payment methods for Somalia:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
