* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, May 19, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Final Destination: Bloodlines’ tops box office while The Weeknd’s movie falters – Yakima Herald-Republic

    Final Destination: Bloodlines Dominates the Box Office as The Weeknd’s Film Struggles

    Country Music Legend Bids Heartfelt Farewell: ‘Y’all Gonna Make Me Tear Up!

    We won’t get a Game of Thrones show this year: A Knight of the Seven Kingdoms shifts to early 2026 – Entertainment Weekly

    Game of Thrones Fans Will Have to Wait: A Knight of the Seven Kingdoms Delayed Until 2026!

    Nile Entertainment Secures African Rights for Thrilling Action Film ‘Son of the Soil

    Florida Highwaymen movie ‘Legends of the Highway’ based on original 26 Black artists – Treasure Coast News

    Unveiling ‘Legends of the Highway’: A Captivating Film Celebrating the Legacy of Florida’s Original 26 Black Artists

    Alabama to expand Entertainment Industry Incentive Act – WVTM

    Alabama Boosts Entertainment Industry with Expanded Incentive Act!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    How will BCI technology change the lives of people with disabilities? – news.cgtn.com

    Transforming Lives: The Impact of BCI Technology on People with Disabilities

    Super Speeders are deadly. This technology can slow them down. – Popular Science

    Revolutionary Technology: Taming the Threat of Super Speeders!

    Celebrating Success: Highlights from the Collaborative College for Technology & Leadership Graduation Ceremony

    Philly police unveil strategy to crack down on car meetups utilizing technology – NBC10 Philadelphia

    Philly Police Launch High-Tech Strategy to Tackle Car Meetups!

    Stony Brook Medicine Pioneers Use of AI Technology for Heart Disease Diagnosis on Long Island – SBU News

    Revolutionizing Heart Health: Stony Brook Medicine Leads the Way with AI Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Final Destination: Bloodlines’ tops box office while The Weeknd’s movie falters – Yakima Herald-Republic

    Final Destination: Bloodlines Dominates the Box Office as The Weeknd’s Film Struggles

    Country Music Legend Bids Heartfelt Farewell: ‘Y’all Gonna Make Me Tear Up!

    We won’t get a Game of Thrones show this year: A Knight of the Seven Kingdoms shifts to early 2026 – Entertainment Weekly

    Game of Thrones Fans Will Have to Wait: A Knight of the Seven Kingdoms Delayed Until 2026!

    Nile Entertainment Secures African Rights for Thrilling Action Film ‘Son of the Soil

    Florida Highwaymen movie ‘Legends of the Highway’ based on original 26 Black artists – Treasure Coast News

    Unveiling ‘Legends of the Highway’: A Captivating Film Celebrating the Legacy of Florida’s Original 26 Black Artists

    Alabama to expand Entertainment Industry Incentive Act – WVTM

    Alabama Boosts Entertainment Industry with Expanded Incentive Act!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    Murfreesboro LPR technology helps catch suspect in Henry County homicide case – WKRN News 2

    How will BCI technology change the lives of people with disabilities? – news.cgtn.com

    Transforming Lives: The Impact of BCI Technology on People with Disabilities

    Super Speeders are deadly. This technology can slow them down. – Popular Science

    Revolutionary Technology: Taming the Threat of Super Speeders!

    Celebrating Success: Highlights from the Collaborative College for Technology & Leadership Graduation Ceremony

    Philly police unveil strategy to crack down on car meetups utilizing technology – NBC10 Philadelphia

    Philly Police Launch High-Tech Strategy to Tackle Car Meetups!

    Stony Brook Medicine Pioneers Use of AI Technology for Heart Disease Diagnosis on Long Island – SBU News

    Revolutionizing Heart Health: Stony Brook Medicine Leads the Way with AI Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Mastercard and SomBank partner to launch debit cards in Somalia

July 7, 2023
in Technology
Mastercard and SomBank partner to launch debit cards in Somalia
Share on FacebookShare on Twitter

Somalia’s government is betting on QR codes, but low internet and smartphone penetration make debit cards a more resonant move. Mastercard is betting on cards with SomBank.

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.

By offering digital payment services, this collaboration seeks to address the growing demand for convenient and secure transactions in Somalia. Customers will be able to make purchases, withdrawals, and online payments using the SomBank Card at Mastercard-accepted merchants and ATMs. The partnership represents a significant step towards improving financial access and empowering more Somalis to participate in the digital economy.

“As a global technology company with a deep commitment to financial inclusion, Mastercard is proud to partner with SomBank to bring digital payments to Somalia. This also supports our commitment to work with financial institutions to bring more people into the digital economy,” said Shehryar Ali, Country Manager for East Africa at Mastercard. “By providing access to secure and convenient payment solutions, we believe that this partnership will help drive economic growth and improve the lives of millions of Somalis.”

This strategic collaboration aligns with Mastercard’s broader strategy to expand its presence in regions with strong digital growth potential. Somalia, with its increasing (yet low)  internet penetration and smartphone usage, offers a promising landscape for digital development. In 2021, Mastercard entered into partnerships with MyBank and Premier Bank in Somalia to further promote the digitalization of financial services.

The Mastercard-SomBank partnership marks an important milestone in Somalia’s journey towards financial inclusion. The introduction of the SomBank Card will offer a convenient payment solution for everyday transactions and provide access to essential financial services. As digital payment solutions become more accessible, the collaboration aims to drive economic growth and empower more Somalis to participate fully in the economy.

With the launch of the SomBank Card, Mastercard and SomBank are working together to accelerate the adoption of digital payments in Somalia, bringing the benefits of secure and convenient transactions to individuals and businesses alike. This partnership represents a significant stride towards a more inclusive and digitized financial ecosystem in Somalia.

“This is a truly remarkable day for us, as we take another step towards making banking more accessible for our customers. We are excited to partner with Mastercard to bring digital payment solutions to our customers,” said Abdullahi Aden, CEO of SomBank. 

Somalia has been trying to rebuild its digital payments rails since most of its financial institutions crumbled in the aftermath of its 1991 wars. In June 2022, Techcabal reported the national launch of SOMQR, a standard QR code for the country. The move was criticised by several industry watchers, who cited the country’s low internet and smartphone penetration. For these experts, the bet should be on cards—exactly what Mastercard and SomBank are driving with their latest partnership. 

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2023/07/06/mastercard-sombank-partner-debit-card/

Tags: MastercardSomBanktechnology
Previous Post

Beyond innovation, Nigerian fintechs must build strong partnerships to truly win

Next Post

: Volkswagen to start testing self-driving electric vans on streets of Austin

Thunder vs. Timberwolves: Shai Gilgeous-Alexander and Anthony Edwards? This series is irresistible – Yahoo Sports

Thunder vs. Timberwolves: Shai Gilgeous-Alexander and Anthony Edwards? This series is irresistible – Yahoo Sports

May 19, 2025
‘We don’t have another 40 years’: WA Ecology head responds to federal rollbacks – The Seattle Times

Urgent Call to Action: WA Ecology Chief Warns Against Federal Rollbacks

May 19, 2025
Scientists aren’t buying claims that trees talk to each other during eclipses – Boy Genius Report

Unraveling the Mystery: Do Trees Really Communicate During Eclipses

May 19, 2025
Is there life after extinction? Some Bay Area scientists and conservationists are trying to find out – The Mercury News

Exploring the Possibility of Life After Extinction: Bay Area Scientists and Conservationists Take Action

May 19, 2025
Lifestyle Changes for Diabetes: Proven Habits to Lower Blood Sugar – Diabetes In Control

Transform Your Life: Effective Habits to Lower Blood Sugar and Manage Diabetes

May 19, 2025
World Hypertension Day – World Health Organization (WHO)

Take Control of Your Health: Celebrating World Hypertension Day!

May 19, 2025
Delta drops ‘basic economy’ label in rework of fare categories – Fortune

Delta Revamps Fare Categories by Eliminating ‘Basic Economy’ Label

May 19, 2025
‘Final Destination: Bloodlines’ tops box office while The Weeknd’s movie falters – Yakima Herald-Republic

Final Destination: Bloodlines Dominates the Box Office as The Weeknd’s Film Struggles

May 19, 2025
ELV INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Elevance Health, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit – Business Wire

Attention Elevance Health Investors: Seize Your Chance to Lead a Class Action Lawsuit for Substantial Losses!

May 19, 2025
Nonprofit leaders brace for possible targeting by the Trump administration after tax measure advances in Congress – CNN

Nonprofit leaders brace for possible targeting by the Trump administration after tax measure advances in Congress – CNN

May 19, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (619)
  • Economy (632)
  • Entertainment (21,546)
  • General (15,223)
  • Health (9,674)
  • Lifestyle (637)
  • News (22,149)
  • People (636)
  • Politics (640)
  • Science (15,856)
  • Sports (21,143)
  • Technology (15,623)
  • World (622)

Recent News

Thunder vs. Timberwolves: Shai Gilgeous-Alexander and Anthony Edwards? This series is irresistible – Yahoo Sports

Thunder vs. Timberwolves: Shai Gilgeous-Alexander and Anthony Edwards? This series is irresistible – Yahoo Sports

May 19, 2025
‘We don’t have another 40 years’: WA Ecology head responds to federal rollbacks – The Seattle Times

Urgent Call to Action: WA Ecology Chief Warns Against Federal Rollbacks

May 19, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version