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Maroc Maroc - HIIRAAN.COM - Somali news update/Opinion - 24/Mar 16:00

Somalia launches first nationwide Instant Payment System powered by BPC

Mogadishu: The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

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