Nairobi, July 23 -- When I assumed leadership of the Central Bank of Somalia, one question drove much of my thinking: how can we build an economy that matches the aspirations of our people?

Part of the answer lies in the financial infrastructure that allows money to move securely, businesses to trade and citizens to participate.

For years, Somalia's payments landscape was fragmented. Banks and mobile money operators ran closed-loop, non-interoperable systems, preventing seamless transfers across providers and creating costly inefficiencies and financial exclusion.

In 2021, the Central Bank connected commercial banks through the National Payment System for large-value transfers, enabling reliable real-time gross settlement and automated...