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MasterCard taps Somali remittance business

MasterCard has begun issuing credit cards in Somalia in a bid to tap the $1.6 billion annual remittances business, which was disrupted by anti-terrorism restrictions. After decades of conflict Somalia has no formal banking sector. Money transfer comp

http://www.wltx.com/video/4336109007001/1/MasterCard-taps-Somali-remittance-business http://cdn.newslook.com/70/700f2c95976c6991caa81f5957b31143/images/frame_ext.jpg MasterCard taps Somali remittance business MasterCard has begun issuing credit cards in Somalia in a bid to tap the $1.6 billion annual remittances business, which was disrupted by anti-terrorism restrictions. After decades of conflict Somalia has no formal banking sector. Money transfer comp MasterCard IncorporatedDahabshiilNairobiUhuru KenyattasomaliaGarissakenyasomUnited KingdomminnesotaMogadishunewslookUnited States of AmericaAfricaMA 02:36

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