Status
Piloted or planned
Data Exchange System Name
Data Exchange System
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Unknown
Digital ID System Name
National Identification Card
ID System link
Name (Payment)
Somalia National Payment System,COMESA regional payment system
URL (Payment)
Region
Africa
# of participants
2023- 9
AML law
Unknown
Bank participation in network
Yes
Centralised fraud management system?
Unknown
Consumer protection law
Unknown
Governor
Central bank/ Financial regulator
Instant settlement system/ platform
No
Non-bank participation in network
No
Notes
Somalia National Payments System may be live, but no known # of transactions yet Part of regional IPS network (The Common Market for Eastern and Southern Africa- COMESA)
Offline transactions
Unknown
Operator
Central bankCentral bank
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
Unknown
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Transaction cost
Unknown
Transaction types
P2PP2M
B2B
Value (Year-USD)
Unknown
Volume (Year- Volume)
Unknown