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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

While Somalia’s financial sector has seen remarkable growth in recent years, a significant portion of the population remains underserved or unbanked. Additionally, BPC’s Fraud Management Solution strengthens security measures, safeguarding transactions from potential threats.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

While Somalia’s financial sector has seen remarkable growth in recent years, a significant portion of the population remains underserved or unbanked. Additionally, BPC’s Fraud Management Solution strengthens security measures, safeguarding transactions from potential threats.

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New Era for Payments in Somalia: Somalia Payment Switch Launches Instant Payment System

The Fintech Times

Meeting both local and international regulatory standards, the platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution.