Somalia’s Parliament Approves National Payment System Bill

Somalia’s Parliament Approves National Payment System Bill

Somalia’s Lower House of Parliament has approved the long-awaited National Payment System Bill, marking a major step toward modernizing the country’s financial infrastructure.

During its 12th sitting of the 7th session, attended by 156 lawmakers, the bill — drafted by the Ministry of Finance — received overwhelming support, with 154 MPs voting in favor.

The new law aims to improve transparency, security, and efficiency within Somalia’s growing financial sector, opening the door for digital payments and stronger banking regulations.

The same session also saw the first reading of the Sexual Offences and Other Acts of Indecency Bill, introduced by the Ministry of Family and Human Rights. State Minister Mohamed Osman Nasto presented the bill’s objectives, emphasizing its role in combating gender-based violence and preserving Somali social and Islamic values.

Speaker Sheikh Adan Mohamed Nur (Madobe) hailed the legislation as “a crucial framework for protecting the dignity and rights of Somali citizens,” underscoring Parliament’s commitment to justice and equality.

Lawmakers further reviewed proposed amendments to the 1975 Anti-Piracy and Anti-Kidnapping Law, reinforcing Somalia’s efforts to strengthen maritime security and the rule of law.

This parliamentary session highlights Somalia’s continued progress toward economic reform, social justice, and institutional resilience, as the nation strives for stability and sustainable development.