Fintech Finance

MARCH 24, 2025

The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. The demand for secure, fast, and modern payment solutions has been pressing.

Instant Payments 90

Instant Payments Settlement Payments Central Bank 90

Fintech Finance

MARCH 24, 2025

The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. The demand for secure, fast, and modern payment solutions has been pressing.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

The Fintech Times

MARCH 25, 2025

The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88