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We will destroy your critical banking infrastructure".
After decades of civil war, Somalia's banking infrastructure is fragile.
This can re-create our banking infrastructure, making it more secure and modern.
Lack of banking infrastructure prevents many from accessing banking services, but it's not the only barrier.
Somalia is not the only country struggling with half-finished banking infrastructure.
Our banking infrastructure is archaic, having been left fallow since the Y2K rewrite.
Similar(5)
As Africa's economies progress, opportunities are opening in sectors such as retailing, telecommunications, banking, infrastructure-related industries, resource-related businesses, and all along the agricultural value chain.
In some developing countries with ineffective or wholly absent banking infrastructures, these informal transfer systems constitute the only alternative.
It developed a smartphone app that acted like a wallet, facilitating customer transactions via the app with existing banking infrastructures.
In cash-based economies with established mobile-phone networks and weak banking infrastructures, mobile wallets eliminate the need to carry cash.
Xfers' one-click payment link, which uses technology built on top of existing commercial banking infrastructures, is designed for merchants who don't want to deal with APIs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com