Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Somalia.
Yes, PayPal is accepted in Somalia.
Wondering what the most popular ways to pay are in Somalia? Explore the top payment options and choose wisely.
Somalia, with a population of around 16.96 million people, has a GDP of approximately 12.99 billion making it the 147th largest economy in the world. The official currency of Somalia is the Somali Shilling (SOS)
The economy is largely informal and is driven by livestock, remittances from its diaspora, and telecommunications. It has strong trade links with the United Arab Emirates and other Gulf states for its livestock exports.
Somalia is a global leader in mobile money adoption, where services like Hormuud's EVCPlus and Telesom's E-Dahab have largely replaced cash for most transactions due to their convenience and security. When physical cash is used, the US dollar is the preferred currency for larger transactions, while the Somali Shilling is used for smaller amounts.
Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.