|
1
|
banking
|
Somalia
|
Physical cash is the primary method of financial transactions due to lack of trust in formal banking systems.
|
1
|
|
2
|
banking industry
|
Somalia
|
Largely informal due to political instability, with limited access to traditional banking services and reliance on alternative financial systems
|
1
|
|
3
|
banking industry
|
Somalia
|
Limited presence of formal banking institutions, with a significant reliance on informal financial systems and money transfer services for local financial transactions.
|
1
|
|
4
|
banks
|
Somalia
|
Banks are less common and may be viewed with suspicion due to historical instability and reliance on informal financial systems.
|
1
|
|
5
|
banks
|
Somalia
|
Traditional banking system may not be widely used, and informal financial networks or cash-based transactions are more common.
|
1
|
|
6
|
banks
|
Somalia
|
Due to political instability and lack of trust, many people in these regions rely on informal money transfer systems and avoid using traditional banks.
|
1
|
|
7
|
online banking
|
Somalia
|
Less common due to limited access to stable internet connection and concerns about online security.
|
1
|