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Mastercard and SomBank partner to launch debit cards in Somalia

Somalia’s government is betting on QR codes, but low internet and smartphone penetration make debit cards a more resonant move. Mastercard is betting on cards with SomBank. Mastercard, a leading global payment services provider, has partnered with SomBank, a Sharia-compliant bank in Somalia, to launch the SomBank Card, a Mastercard-branded debit card. The collaboration aims…

The post Mastercard and SomBank partner to launch debit cards in Somalia appeared first on Content Krush.

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