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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.
Population
20MGDP
$13BGDP per Capita
$661.2GDP Growth
3.0%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)
3.4BANKS (PER 100K)
2.2DEBIT CARDS (PER ADULT)
0.0CREDIT CARDS (PER ADULT)
0.0Payment Methods
Estimated Monthly Usage, Aurato Research, October 2026
Schemes
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Systems
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PSPs
Compliance
Regulator
Central Bank of Somalia







