The first credit card was introduced in India roughly 40 years ago. Yet, cards have failed to unlock financial access for the country’s poorest. That is why we are excited about the incredible growth of real-time payments that is taking place in India today. The adoption rate of its Unified Payments Interface (UPI) continued to […]
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A Strategy for Building Trust and Scaling Technical Capacity in an Inclusive Real-Time Payment Ecosystem
Tanzania is implementing a real-time payment system (RTPS). But where does this leave the dozens of small financial institutions (FIs) and their members? The benefits of RTPSs include reducing transaction costs and increasing financial inclusion. However, for the smaller system participants, introducing a new RTPS poses a new challenge – getting connected. At the recent […]
Read More >Mojaloop v12.0.0 Released
The release of Mojaloop v12.0.0 has been committed to the Helm GitHub repository. You can learn more about a Mojaloop Helm release mechanism on one of our previous blogs. Additionally, you will find an overview of Mojaloop and documentation available on mojaloop.io. Below are some of the highlights of what’s new in version 12. For […]
Read More >Bank for International Settlement’s Innovation Hub and SWIFT to Host ISO 20022 Hackathon
The Bank for International Settlement (BIS) Innovation Hub and SWIFT, the global provider of secure financial messaging services, are hosting the ISO 20022 Hackathon in March 2021. In this hackathon, teams will develop and demonstrate solutions that use the ISO 20022 standard for messaging to improve cross-border payments. Participants will be organized into teams with […]
Read More >Announcing the Official Launch of the Mojaloop Training Program
Mojaloop is the world’s first open source software for interoperability among real-time payment networks. We built Mojaloop in partnership with the Bill and Melinda Gates Foundation, Ripple, Google, and other partners focused on financial inclusion. That is why we are excited to announce the official launch of the Mojaloop Training Program (MTP). We have converted […]
Read More >Whitepaper: Google’s Design Principles for Third-party Initiation in Real-time Payment Systems
We are excited to support the release of this whitepaper, developed by Google in collaboration with ModusBox and other Mojaloop core development team members. Our hope is that resources like this will aid countries and organizations in a financially inclusive response to the unprecedented demand for real-time payment solutions. Welcome to the age of real-time […]
Read More >Event Recap: Mojaloop Open Source Convening – Program Increment 12
The Mojaloop Foundation held its quarterly community meeting last month from October 19th-23rd. The virtually-hosted event included several must-watch sessions covering various aspects of Financial Inclusion and Mojaloop technology. This convening marked the beginning of Program Increment 12 (PI-12) of Mojaloop – the open source platform for interoperability in a real-time payment network. For those […]
Read More >The Women in FinTech Hackathon – Closing the Gender Gap for Innovation and Financial Inclusion
Although the tech world is advancing at an alarming rate, discouragingly, 23% of women worldwide are still financially excluded. This statistic is overwhelming as we draw closer to 2021 and requires urgent attention. According to the Uganda FINSCOPE 2018 survey, women are 1.8 times more likely to access informal financial services via their village savings […]
Read More >A Case Study in Interoperable Payments in Myanmar’s Microfinance Industry Part 3: 5 Takeaways for Banks and Regulators
A six-month-long interoperability project in Myanmar’s microfinance industry has shown there is much to be learned for banks and regulators. Here, we focus on five lessons that central banks, commercial banks, and mobile money operators can discover from this project for building a national payment infrastructure. Traditionally, central banks have built payment systems that suit […]
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