Connecting to and participating in real-time payment networks is one of the biggest challenges facing community financial institutions (CFIs) worldwide. Traditionally, CFIs have relied on banking core providers or consulting services to guide them through enabling a new payment network. However, vendor solutions and custom build integrations are too cost-prohibitive for smaller CFIs that lack […]
Read More >
Blog Page 2
Category: Mojaloop
Filter by Category
Interview with Warren Carew: Governance, Guiding Principles, and Challenges of Designing Instant and Inclusive Payment Systems
in
Financial Inclusion
, Fintech
, Mojaloop
, Open Source
In this conversation, Steve Haley, Director of Economic Development, sat down (virtually) with Warren Carew, VP, Payment Solutions, to ask some important questions about designing real-time payment systems. The interview is part of the IIPS (Instant and Inclusive Payment Systems) certification course on Designing and Deploying Technology for IIP Systems. Warren has been a leader […]
Read More >
ModusBox Partners with Digital Frontiers Institute to Deliver Courses for Developing Instant and Inclusive Payment Systems
in
Financial Inclusion
, Fintech
, Mojaloop
, Open Source
In cooperation with the Bill and Melinda Gates Foundation and Digital Frontiers Institute, we are excited to participate in the IIPS (Instant and Inclusive Payment Systems) certification program. IIPS is an online learning platform established to accelerate the development of instant and inclusive payment systems and expand the base of professionals trained in IIPS implementations […]
Read More >
Drive Innovation and Inclusion in Real-Time Payment Networks with Payment Initiation Service Providers
in
Financial Inclusion
, Fintech
, Mojaloop
Imagine a digital economy in which any business could send or receive funds with any mobile wallet in the country? Or, how much simpler would our lives be if we could identify a wire recipient from a search bar? What if e-commerce platforms could be connected directly to the national payment switch without integrating with […]
Read More >
The Essential Regulatory Changes Needed to Drive Equitable Financial Inclusion of the Underbanked
In his last blog, Steve Haley, Director of Economic Development, redefined financial inclusion as “equitable access and usage of safe and connected savings, credit, insurance, and payments.” The focus is on “equitable” because different products and services are required to provide the same opportunity for individual customers to thrive. And “connected” because the underbanked pay […]
Read More >
Redefining Financial Inclusion
Part of ModusBox’s mission is providing access to “reimagined financial services.” These are products and services that have been purpose-built to drive financial inclusion. Unfortunately, in my line of work, I experience conflicting viewpoints over the meaning of financial inclusion. So, I’d like to take this opportunity to “reimagine” what financial inclusion means to me. […]
Read More >
Visa Selects ModusBox for Accelerator Program and Development of New Financially Inclusive Services
in
Announcements
, Financial Inclusion
, Fintech
, Microfinance
, Mojaloop
We are thrilled to be joining Visa as an inaugural participant in its Accelerator Program – a newly-created initiative aimed to drive innovative financial services across the company’s global network. Our proof of concept will focus on connecting the brand’s world-renowned financial services to Mojaloop as part of our effort to unlock financially inclusive services […]
Read More >
Road Trip Through Financial Inclusion Part 2: UPI and GPay Transcend India’s Urban and Tourist Hot Spots
in
Financial Inclusion
, Fintech
, Mojaloop
In this second of a three-part blog series, Steve Haley, Mumbai-based Director of Economic Development, continues his documentation of how Unified Payments Interface (UPI) is spreading across India faster than the credit card scheme ever dreamed of. On his six-week road trip, Steve’s second stop was in Gokarna, Karnataka, a quieter area than that of […]
Read More >
Mojaloop Team Wins ISO 20022 Hackathon Hosted by Bank for International Settlement and SWIFT
in
Announcements
, Fintech
, Mojaloop
, Open Source
We are honored to be one of three winners of the ISO 20022 Hackathon for our cross-border payment solution. The event was jointly hosted by the Bank for International Settlement (BIS) and SWIFT to develop and demonstrate new solutions that use the ISO 20022 standard for messaging to improve international payments. As co-developers of Mojaloop […]
Read More >