a substantial portion of profit for Safaricom, the mobile operator that introduced the system. In Somaliland, there are two major mobile operators, TeleSom and SomTel. There is no telecom regulatory body, but the companies work with the government and agree on things like rates. Rates are very cheap an

acitated central banking authority (the director's salary is $500 USD per year) Seeing the work by M-Pesa and the need amongst its own subscribers, TeleSom decided to develop a a mobile payment system. As you can imagine, the primary problem they set out to first solve was to make it easier for their e