Mobile Money Ecosystem in Somalia

International Transfers

37% of Somalis have received international remittances over the last year. More than half of international remittances recipients receive more than US$100 per month. To receive money internationally, Hawala is still the most widely used method; however, remittances companies are increasingly partnering with Mobile Network Operators to capitalize on the best that each service has to offer. Currently, 76% receive money from abroad through a Hawala Money Transfer Operator transfer, while 25% receive money directly on their mobile money account. The United States is the most frequent origin of international transfers, followed by the UK, Sweden and Saudi Arabia.

Receiving remittances from abroad
Origin of international transfers
Methods of international transfers
Receiving money from abroad – frequency of use and amounts transferred