In partnership with the World Bank, Beyonic, and Alpha Fintech, Vital Wave designed and built an online platform that allowed the Central Bank of Somalia to pay salaries to Somali civil servants through any one of the country’s mobile money providers. This bulk payments platform was extended to a second use case, government top-up payments to humanitarian relief recipients. Over the long term, the platform was connected to a new Somali central payments switch, which provided the additional benefits of payment traceability and improved adherence to international know your customer (KYC) standards.
Vital Wave’s role throughout this engagement was to manage the consortium of partners, document platform business and technical requirements, oversee the implementation, and support the operationalization of the transition to digital payment at the Central Bank though training and the creation and institutionalization of processes and standard operating procedure documentation. Ultimately, the system was operationalized and successfully transferred over to the government to continue forward.