The Hormuud Telecommunication Company, a Somali firm established in 2002 during a lull in violence, introduced mobile banking in the East African country around six years ago. Now, it is one of at least three companies offering mobile money transfers in Somalia, where 51 out of every 100 people has a mobile subscription (compared to 22, only three years ago), and around 40% of adults use mobile money accounts, according to 2014 data from the World Bank