Telesom launches Zad mobile banking service in Somalia

www.WirelessFederation.com/news: A new system of making financial payments using mobile phones has been introduced in the nothern Somali region of Somaliland. Telesom launches Zad services which enables subscribers to send money to friends and relatives or pay bills just using their phones.
Even when the nation faces huge conflicts from past 18 years, the telecoms and money transfer sector have thrived across the nation. Telesom deputy director Mohamud Aden Ahmed-Hadeed reportedly said that the service would improve the lives of people and help develop the country.
“They can have access to their accounts with a Pin number and they can send money to anywhere, anytime. People can pay their bills or buy things from shops,” he said.