Hormuud and Golis Telecom Achieve GSMA Certification as Mobile Money Providers

MOGADISHU, Somalia - In a significant development for the financial technology sector in Somalia, Hormuud Telecom and Golis Telecom have officially become GSMA Certified Mobile Money Providers. This milestone marks a crucial step in enhancing the digital financial landscape in the region.

The certification, awarded by a leading international body specializing in digital finance, recognizes the companies' commitment to providing secure and reliable mobile money services. This achievement comes after a rigorous assessment process evaluating the security, efficiency, and customer service standards of their mobile money platforms.

Hormuud Telecom, already a prominent player in Somalia's telecommunication sector, in 2011 Hormuud expanded its services to include mobile banking and financial transactions. This move is in line with the company's vision to foster financial inclusion and digital transformation in the country.

Golis Telecom, primarily operating in the Puntland region, has also made significant strides in integrating mobile money services into its offerings. The certification cements its position as a leading provider of digital financial solutions in the area.

Both companies have expressed their commitment to maintaining the highest standards of service and security. They aim to further innovate their platforms to offer more comprehensive financial solutions to their customers.

With the increasing reliance on digital transactions, especially in the context of the COVID-19 pandemic, the certification of Hormuud Telecom and Golis Telecom is a timely enhancement to the financial infrastructure in Somalia. It is expected to boost consumer confidence in mobile money services and contribute to the broader economic growth of the region.

This development is also a testament to the growing importance of digital financial services in Africa, where mobile money has become a pivotal element of economic activity. It underscores the potential of technology to drive financial inclusion and economic development in the continent.

GAROWE ONLINE