Who can process payments in Somalia?
Somalia: No standalone payment-service-provider / aggregator / payment-gateway licence category is published in Somalia's regulatory framework: the Central Bank of Somalia's licence categories on its regulations index are banks, mobile money service providers, money transfer businesses, MFIs and takaful — none a payment-processing/aggregator licence. Payment processing runs through the licensed mobile-money and money-transfer categories. No payment-processing register is published.
Source: Central Bank of Somalia — Regulations & Guidelines index
“Payment processing” here is the normalized activity: Provide payment processing / payment solution services without holding customer funds. Providers in this category cannot keep customers' money.
Activity id (as used by the Afriset MCP): fintech:PAYMENT_PROCESSING
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