Premier Bank has launched an advanced direct SWIFT payment platform, enabling faster and more secure international money transfers in Mogadishu on June 3, 2025.

• Customers can now transact in several major global currencies including USD, EUR, and CNY, eliminating previous currency limitations for importers and exporters.
• Abdishakur Afrah, the Head of Business at Premier Bank, stated that this new service is a “game-changer for the country’s economy.”
• The initiative aims to boost trade, economic growth, and enhance the country’s global financial connectivity.