IATA Launches Payment Platform in Somalia to Expand Its Aviation Sector: Statement
23:21 01.05.2026 (Updated: 23:24 01.05.2026)
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IATA Launches Payment Platform in Somalia to Expand Its Aviation Sector: Statement
The Billing & Settlement Plan (BSP) aims to support the Somali government in enhancing the country's international connectivity amid a sharp surge in air travel both across Africa and the world, according to a statement by the International Air Transport Authority.
“Somalia stands at a pivotal moment of transformation in its aviation sector. Growing connectivity regionally and globally underpins our ambition to revitalize the economy of Somalia and position Mogadishu as a transport hub on the Horn of Africa," Mohamed Farah Nuh, Somalia’s Minister of Transport and Civil Aviation, noted.
The BSP is designed to:
facilitate financial transactions for passenger sales agents and airlines;
track and manage sales of air tickets;
🪙 enable cost-effective sales management for airlines;
streamline cash flow.
"The [Somali] government recognizes the significant economic benefits that air travel can deliver, and we are pleased to support them on that journey. Accelerating the implementation of secure, effective, and cost-efficient financial services is a key pillar of IATA’s Focus Africa initiative,” Kamil Alawadhi, IATA’s Regional Vice President for Africa and the Middle East, stressed.
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