Journal article Open Access

The Impact of Mobile Banking on Economic Development in Puntland-Somalia

MOHAMED AHMED MOHAMED (BURTINLE)

In recent years the usages of mobile banking and in particular, payments by means of mobile phones have increased in Somalia (Abdullah).That is the reason this study attempted to investigate the impact of the mobile bank on economic development in Puntland. The study was guided by the following objectives; the first objective was to examine the extent of mobile money in which can facilitate economic transactions, and the second objective was to investigate challenges arising from Mobile Money Services and its solutions. This study was conducted through an analytical survey design by using both quantitative and qualitative research methods in two-parts: A questionnaire and key informant interviews (KIIs) for collecting data and from selected respondents.

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