Somalia

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EVC Plus and other mobile-money networks give Somali households and merchants phone-based payment access alongside banking. Shilling and US-dollar flows serve different needs, making the provider, currency and local network important across a population of 19.7 million in 2025.

Alpha-3:SOM
NUM:706
Population
20M
GDP
$13B
GDP per Capita
$661.2
GDP Growth
3.0%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Somalia

Somalia pairs cash denominated in US dollars with extensive mobile-money use, rather than a card-led transition. Credit payment cards generally have little reach, while local wallet networks can handle routine merchant spending.

ATMs (PER 100K)
3.4
BANKS (PER 100K)
2.2
DEBIT CARDS (PER ADULT)
0.0
CREDIT CARDS (PER ADULT)
0.0
Compare

IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards