AtlasSystemsSIPS

Somali Instant Payment System

sys_sips_so

The Somali Instant Payment System provides real-time, 24/7 transfers between banks, mobile wallets and point-of-sale terminals and supports P2P, P2M and G2P payments.

RetailInstant
TPV
-
Transactions
-

Operator

Somalia Payment Switch

Markets

Markets connected to SIPS, using the same four-metric model as the overview.

Market
SomaliaEMEA3.0%$13B$661.220M

Schemes

Schemes connected to SIPS.

Compliance

Regulator
No regulators have been mapped yet.
No regulations have been mapped yet.

Standards

No standards have been mapped yet.
Feedback
SIPS33.0%
Methods0%Schemes0%Operators50.0%Markets25.0%Compliance0%Standards0%