The microfinance industry is in trouble. And, along with it, the funding of nearly 140 million businesses representing nearly half of jobs worldwide. This is a global crisis that is, unfortunately, flying under the radar. Microfinance is a high-touch industry. Loans are initiated in-person. Loans are collected in-person. During the current stay-at-home orders seen around […]
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Blog
Mojaloop Partner Program: Accelerating Financial Inclusion
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in
Financial Inclusion
, Mojaloop
, OSS
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Our team has worked hard to be one of the leading contributors to Mojaloop, the world’s first open source platform for interoperability in a real-time payment network. Mojaloop is set up to scale real-time payments because it is modern, open source, low-cost, and was built for all types of digital financial service providers (DFSPs) including […]
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Mojaloop (PI-10) Open Source Convening Recap
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in
Financial Inclusion
, Fintech
, Mojaloop
, OSS
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Last week’s Mojaloop Community Event represented exciting milestones for the community and its mission of supporting inclusive financial services. A growing number of friendly faces. Exciting updates and presentations from various teams. A unifying sense of camaraderie and teamwork. However, there was one very noticeable difference – no one left their home. It was the […]
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Community Bank Customer Relationships Hinge on Digital Payment Offerings
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in
Banking
, Digital Transformation
, Fintech
, Payments
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In the post-COVID-19 world, digital payment channels like Zelle, Gpay, and Venmo are now more critical then ever to driving new revenue channels and positive customer interactions. Even before COVID-19, the demand for real-time payments was on the rise among consumers. A recent survey showed that over 30% of American adults are considering or have […]
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Mojaloop Phase Four (PI-10) Convening – Online Event!
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in
Events
, Financial Inclusion
, Mojaloop
, OSS
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We are excited to participate in another Mojaloop Community Meeting being held April 20-24, 2020. Mojaloop is the world’s first open source platform for interoperability in a real-time payment network. We helped build it with the purpose of driving financial inclusion. During this time of social distancing due to the COVID-19 pandemic, the need for […]
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Announcing General Availability (GA) of DataSonnet
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Announcements
, IT Management
, OSS
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We are pleased to announce the GA release of DataSonnet, our open source data mapping tool. We developed the DataSonnet project to create an open source mapper that could handle complex hierarchical message formats while supporting visual mapping experiences simple enough for non-developers. Design goals of DataSonnet This release expands upon the following design goals […]
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How Everyday Fees Quietly Stifle Financial Inclusion
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in
Banking
, Financial Inclusion
, Mojaloop
, Payments
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Transaction fees. Processing fees. Wiring fees. We’ve all seen the “minimum purchase with credit card” sign at the local restaurant, gas station, or any other business that offers low-cost, low-margin goods. Have you ever asked yourself why these signs exist? Fees. Shop owners cover the cost of transaction fees by requiring a minimum amount for […]
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Mojaloop Phase Four Community Event Recap
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in
Financial Inclusion
, Fintech
, Mojaloop
, OSS
, Payments
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We just concluded a very successful Mojaloop OSS Community event, the “Phase Four ‘Go-Live!’” kick-off in Johannesburg, South Africa. More than 120 people from 23 countries around the world attended the three-day conference, which was filled with many exciting developments. About the Mojaloop Community Event The main focus of the Mojaloop community event was implementation. […]
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ModusBox at the Mojaloop Phase Four Community Meeting
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in
Events
, Financial Inclusion
, Mojaloop
, OSS
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Dates: January 28 – 30, 2020 Once again, ModusBox is attending the Mojaloop Community Meeting. This time, the conference is taking place in Johannesburg, South Africa, from January 28 – 30, 2020. It’s an open event, where anyone—developers, implementers, digital financial services providers, and other financial services community members—can stop by and chat with us […]
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Open Source Connection Manager Now Available
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in
Announcements
, OSS
, Payments
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We are pleased to announce that Connection Manager is now available for download from GitHub. To date, ModusBox has implemented many instances of Mojaloop for Digital Financial Service Providers (DFSPs) and Hub Operators. As a result of our project experience and feedback from industry experts, we found there is a need to accelerate the establishment […]
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