Somalia joins the Pan-African Payment and Settlement System

Payments · April 18, 2026

Somalia’s connection to continental payment infrastructure represents an important step toward faster and more efficient African trade payments.

Strengthening regional payments

Participation can support greater connectivity between Somali financial institutions and African markets while reducing friction in eligible cross-border transactions.

Supporting businesses and customers

SBA will continue working with banks, regulators and partners to promote secure implementation, awareness and responsible adoption.