By implementing best practices such as Infrastructure-as-Code (IaC), our tools abstract the highly complex, manual processes required of financial institutions (FIs) to connect to fintechs and real-time payment networks. In the US, we work with banks and credit unions to abstract banking core data and connect quickly to fintechs via PortX – the “fintech hub” […]
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Category: Payment Management
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New Courses Launched in the Mojaloop Training Program
As one of the founding members of the Mojaloop Foundation, ModusBox contributes much of the material available in the Mojaloop Training Program. The program officially launched a year ago with seven courses targeting a spectrum of Mojaloop specialties: Moja (general Mojaloop-related educational content), DFSP (digital financial service providers), Hub (Mojaloop Hub Operators), and Scheme (Scheme […]
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Helm and Configuration to Resolve External Dependencies and Improve Upgradability in Mojaloop v14
Avoid tight coupling to external dependencies in your Helm charts, as they may break your upgradability, directly impacting your users. In this article, Miguel De Barros, Principal Architect Payment Solutions, deep dives into the challenges our team has faced using Helm for Kubernetes-based Mojaloop releases, the impact it has had on users, and what we’re […]
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Building Mojaloop – Part 2: Birth of the Real-Time Payment Core, Supporting Hub Operators, and Driving Participation
In the first part of this article, we focused on the significance of open source design for Mojaloop – the world’s first open source software for interoperability in real-time payment systems. In 2016, we joined the Bill and Melinda Gates Foundation and other industry leaders, including Ripple and Dwolla, to design Mojaloop. Today, we are […]
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Building Mojaloop – Part 1: How Open Source Creates Sustainable Value in Instant and Inclusive Payment Systems
ModusBox was recently added to Mojaloop’s new Business Directory, “a repository of businesses that understand and demonstrate the ability to deploy and maintain Mojaloop.” Only four and a half years ago, the Bill and Melinda Gates Foundation initiated a project with us to connect financial institutions via interoperable payment networks aligned with the foundation’s Level […]
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Mojaloop Business Hub Operations Documentation Now Available
We are excited to share that the first version of the Mojaloop business hub operations documentation is available for public consumption and comment. It has proven to be a helpful guide to understanding the operational business processes required of entities running a Mojaloop-based payment hub. This release compliments Mojaloop’s original Scheme Guide and is freely […]
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ModusBox, ThitsaWorks, ONOW Myanmar, and USAID Develop Digital Financial Services Education Platform for MFIs and Underserved Clients
In partnership with ThitsaWorks and ONOW Myanmar, ModusBox is pleased to announce the addition of an upskilling component to the Myanmar Microfinance Digitization project we initiated alongside the UNCDF. RSG (Ready, Set, Go) is an education program designed to deliver training through easily accessible platforms that are familiar throughout the microfinance industry. With support from […]
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5 Key Takeaways From Our Panel Discussion With UNCDF, USAID, and Mojaloop Foundation on Microfinance Digitization
ModusBox is passionate about bringing payment services to all classes of financial institutions through interoperable payment hubs like Mojaloop and our PortX suite of easy-to-use integration software. In Myanmar, we’ve been working with the UNCDF and the microfinance sector to build a real-time payment system that connects banks, mobile money, and microfinance institutions. We recently […]
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Interview with Paul Makin: Mitigating Risk in Design for Instant and Inclusive Payment Systems
As part of the IIPS (Instant and Inclusive Payment Systems) certification course on Designing and Deploying Technology for IIP Systems, Steve Haley, Director of Economic Development, interviewed Paul Makin, Digital Finance and Identity Consultant, for his insights on mitigating risks associated with payment systems through design and oversight. Paul is one of the creators of […]
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