Mogadishu(Mogadishu24)-The National Identification and Registration Authority (NIRA) and the Somali Bankers Association (SBA) have announced the signing of a landmark Memorandum of Understanding (MoU) aimed at facilitating the identification of bank customers nationwide through the National Digital Identification system. This collaboration marks a significant step forward in enhancing banking services across Somalia.

With the new agreement, Somali citizens will now be able to access banking services using their Unique Identification Number (UIN), which will streamline banking processes, ensure accurate customer information, and reduce the costs associated with managing fragmented identities. The use of the National ID is also expected to significantly mitigate financial risks, including those related to legal violations, fraud, and money laundering.

“This milestone underscores our commitment to leveraging the modern National Digital Identification system to enhance banking services and align our practices with global standards,” the joint statement from NIRA and the SBA highlighted.

NIRA has made it easier for Somali citizens to register, obtain a unique identification number, and receive an identification card. The two organizations are working together to bring registration and National ID issuance closer to the public, ensuring that every resident can obtain a unified identity to access essential financial services.

Additionally, the partnership aims to raise public awareness about the importance of the National ID in driving economic development and ensuring access to modern financial services that comply with international standards.

This collaboration is part of a broader effort to ensure that all Somali citizens have access to secure, digital banking services connected to global financial systems. NIRA and the SBA encourage all Somali citizens to obtain their National ID to fully benefit from these enhanced banking services.