Draft:eBesa
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| Operating area | Somalia |
|---|---|
| Members | IBS Bank, SomLink Telecom |
| Founded | 2022 |
| Owner | SomLink Telecom |
| Website | https://somlink.net/services/ |
eBesa is a mobile money transfer service operating in Somalia. Launched in 2022 as a subsidiary of IBS Bank, an Islamic financial institution headquartered in Mogadishu, eBesa offers digital financial services including peer-to-peer transfers, merchant payments, airtime purchases, international remittances, and virtual card issuance.[1]
eBesa is licensed by the Central Bank of Somalia to operate mobile money services and is powered by SomLink Telecom.[2] According to Somalia’s Mobile Money Regulations (2020), only telecom operators holding a valid license from the National Communications Authority are eligible for authorization by the central bank.[3] On 6 March 2022, SomLink became the third mobile money service provider to receive a license from the CBS, joining Hormuud Telecom and others.[4]
The platform enables users to deposit and transfer funds via mobile phones using USSD codes (*770#), QR payments, and virtual Mastercards. It supports cash withdrawals through bank branches and agents, along with utility bill payments, salary disbursement, airtime top-ups, and group savings plans.[5] eBesa is listed among licensed mobile money providers on the Central Bank's official website. [6]
References
[edit]- ^ Kalsantv Official (23 December 2022). Daahfurka Adeega Ebesa Oo Uu Sookordhiyay Bangiga IBS BANK. Retrieved 29 July 2025 – via YouTube.
- ^ Central Bank of Somalia (6 March 2022). "Central Bank of Somalia on X: The @CBSsomalia has today issued a Mobile Money license to @Somlink". X (formerly Twitter). Central Bank of Somalia. Archived from the original on 29 July 2025. Retrieved 29 July 2025 – via X, formerly Twitter.
The @CBSsomalia has today issued a Mobile Money license to @Somlink. This is the #third mobile money service provider to be licensed by CBS since 2021. The license issuance ceremony was attended by the state minister of finance, Mohamoud Hayir Ibrahim, and other dignitaries.
- ^ Central Bank of Somalia, MOBILE MONEY SERVICE. "MOBILE MONEY SERVICE". centralbank.gov.so. Retrieved 29 July 2025.
- ^ Mohamed, Ahmed (7 March 2022). "Somalia Issues third license to Mobile Money Service". Halbeeg News. Archived from the original on 29 July 2025. Retrieved 29 July 2025.
- ^ "Features". eBesa – The Future of Mobile Money in Somalia. Retrieved 29 July 2025.
- ^ "Licensing and Supervision department". centralbank.gov.so. Retrieved 29 July 2025.