Hormuud Telecom

It is easy to use EVC plus, it works like SMS services, Users can access EVC Plus services by dialling #770# from their mobile phone handset and using a secret four digit pin password, customers can choose between seven options. Instant transactions can be made as long as there is enough money in the account of the buyer. All texts go through centrally controlled software that adds or deducts money immediately from your account depending on your activity. Alternatively, customers can quickly send money by dialling *712* mobile number* Amount* and then 4-digits pin.

Recently, Hormuud started deploying thousands of three-wheeled motorcycles, known as Bajaaj, as a taxi in Mogadishu, the capital of Somalia. This has displaced thousands of poor families who owned their Bajaaj for basic livelihood, education for their children, and support extended to families. These families worked twenty-four hours a day...families with three to four adults, including women, who take shifts to meet their basic needs. Now, similar to what the New York City taxi service offered prior to Uber and Lyft, where drivers had to drive eight hours to pay the daily fee for renting a taxi, Hormuud charges these families ⅓ of their income for driving their Bajaaj. Hormuud has taken over almost every sector of the economy, and in doing so destroyed the livelihood of millions of poor families.

Hormuud has taken over poor families' market for selling milk from their 1-2 goats or cows. Hormuud works with local governments to put undue restrictions on these families. Families gave up and must sell their milk to Hormuud who then sells in the markets. This helped decreasing extreme poverty in Somalia.

In December 2012, Hormuud launched its Tri-Band 3G service for mobile and internet clients. The first of its kind in the country, this 3G mobile telecommunications technology offers users a faster and more secure connection.[10]

In July 2014, Hormuud Telecom along with NationLink and Somtel signed an interconnection agreement. The cooperative deal will see the firms establish the Somali Telecommunication Company (STC), which will allow their mobile clients to communicate across all three networks.[11]