The digital platform was created using Hormuud Telecom's technology to allow for mobile banking to be available for the first time in Somalia history.
[2] Its DEEQTOON service received an update a year later in 2011, which allowed for accounts to transfer money and make digital purchases.
[10] Salaam Somali Bank's financing arm has been active in rebuilding Somalia through strategic infrastructure investments.
The city boasts a complete set of amenities: ease of accessibility, a local market, health centres and schools.
Working in partnership with The World Bank and ZEP-RE, the insurance is part of a wider programme to decrease pastoralists’ reliance on aid and improve access to financial services.
This includes promoting savings accounts and a 90% subsidised livestock insurance, which will assist pastoralists with forage when there is no grass to graze.
[14] SSB offers fully Shariah compliant trade and investment finance, from a micro to corporate level.
[15] Salaam Somali Bank provides financial services to small, medium-sized and large businesses, as well as NGOs.
Customers can move funds in U.S. dollars; manage payments ;and get remittance notifications by SMS and email to recipients.
[22] Throughout the Covid-19 pandemic, SSB made numerous donations to the Somali healthcare system to help treat and slow the spread of the virus.
[24] In 2021, HSF supported the effort to help raise $4 million for the Somalia Action Network Covid-19 relief fund, in partnership with the Somali Chamber of Commerce.
[25] HSF funds a range of philanthropic relief and development projects, and directly responds to humanitarian crisis across Somalia.