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eMoney News

Dahabshiil aims for cashless society in Somalia
4 Nov 2009

Creating a cashless society in Somalia is the target that international money transfer firm Dahabshiil has set itself after launching the first ever debit card service in the country.

The people of Somalia - which is located in the Horn of Africa - have the same needs as residents of the UK and the US, according to chief executive of the firm Abdirashid Duale.

It is hoped that businesses and individuals alike in the African nation will be able to benefit from the new service, dubbed Dahabshiil eCash.

People will be able to pay for goods and services at official Dahabshiil merchants that have point of sale terminals on their premises, such as shops, restaurants, petrol stations and hotels.

"While the central focus of Dahabshiil eCash is the customer, it is great that local businesses and the Somali economy will reap the benefits of the service too," explained Mr Duale.

Meanwhile, chief executive officer of eMoney network sQuidcard Adam Smith recently claimed that the UK took a step closer to becoming a cashless society with the launch of the first multi-purse smart card this summer.

Bolton Council - along with other local organisations and sQuidcard - has provided residents with am ITSO-enabled card that allows them to pay for goods, council services and bus travel.