Somalia Implements Quick Response Code Standard for...
International News
June 21, 2023
The Central Bank of Somalia has launched a Quick Response Code Standard which will help financial service providers and consumers in the country a secure payment mechanism via digital transaction. The horn of African nation joins leading economies in the continent such as Nigeria, Ghana and Kenya which issued the standard QR code for payments. The governor of Somalia's central bank says the new process will transform the country into a cashless society.