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Firm angles for Sh180b Somalia remittances with virtual banking service

 

Nairobi; Kenya: A local company Rapid Communications Ltd has ventured into to the Somali market after acquiring a 16 per cent stake in Nationlink Telecom, along with a banking services licence. The stake has enabled the company to roll out virtual banking services in Somalia.

The service will allow the mass market in Somalia to access various banking products virtually through the mobile phone. Rapid Communications currently manages the content management system (CMS) platform for Somalia’s Nationlink Telecom.

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