Mobile money firms tap portal to help deliver aid to needy communities
New platforms enable aid agencies to directly send money to vulnerable people and track delivery and usage.
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New platforms enable aid agencies to directly send money to vulnerable people and track delivery and usage.
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Somalia’s Hormuud Telecom already offers mobile money services but, in an effort to formalise the country’s fast-growing digital payments infrastructure and integrate it with the global financial system, Somalia’s central bank has now awarded the country’s first mobile money licence to the operator.