Somalia’s Upper House Passes National Payment System Bill
Somalia’s Upper House passes National Payment System Bill, clearing path for payments oversight law
MOGADISHU — Somalia’s Upper House of Parliament on Monday overwhelmingly approved the National Payment System Bill, a keystone measure designed to regulate the country’s fast-growing digital payments industry and strengthen consumer protection in a mobile-money-driven economy.
Parliamentary officials said the bill passed during the 14th session of the Upper House’s seventh sitting with 28 senators voting in favor and none…