Mastercard and SomBank Partner to Launch Debit Cards in Somalia
Jul 10, 2023 ·
1m 22s
![Mastercard and SomBank Partner to Launch Debit Cards in Somalia](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/1530d0e642b06517a9893769a9381458.jpg)
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Description
Mastercard, a leading global payment services provider, has partnered with SomBank, a Sharia-compliant bank in Somalia, to launch the SomBank Card, a Mastercard-branded debit card. The collaboration aims to enhance...
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Mastercard, a leading global payment services provider, has partnered with SomBank, a Sharia-compliant bank in Somalia, to launch the SomBank Card, a Mastercard-branded debit card.
The collaboration aims to enhance financial inclusion in Somalia by providing customers with access to digital payment options. In the initial phase of the partnership, 100,000 SomBank customers will receive the SomBank Card in 2023, with the potential for further expansion in subsequent years.
The partnership represents a significant step towards improving financial access and empowering more Somalis to participate in the digital economy.
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The collaboration aims to enhance financial inclusion in Somalia by providing customers with access to digital payment options. In the initial phase of the partnership, 100,000 SomBank customers will receive the SomBank Card in 2023, with the potential for further expansion in subsequent years.
The partnership represents a significant step towards improving financial access and empowering more Somalis to participate in the digital economy.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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