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Somali Islamist rebels ban mobile money transfers
Al-Shabab argued that the transfers were "unIslamic" and could allow the mobile operators' foreign partners to interfere in Somalia's economy. A report by news agency AFP mentions that observers believe the group wants to guarantee business for non-mobile money transfer systems which it can control more easily.
Mobile phone banking was first made available in northern Somalia in 2009, but quickly spread across the country.
Source: Panos London
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