Category: Payments


4 Digital Essentials for Microfinance to Survive the Economic Rainy Season
May 22, 2020

4 Digital Essentials for Microfinance to Survive the Economic Rainy Season

by Drew Johnson in Banking , Financial Inclusion , Payments 0 comments

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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Community Bank Customer Relationships Hinge on Digital Payment Offerings
April 24, 2020

Community Bank Customer Relationships Hinge on Digital Payment Offerings

by Anand Sangtani in Banking , Digital Transformation , Fintech , Payments 0 comments

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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How Everyday Fees Quietly Stifle Financial Inclusion
March 3, 2020

How Everyday Fees Quietly Stifle Financial Inclusion

by Tanner Taddeo in Banking , Financial Inclusion , Mojaloop , Payments 0 comments

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
February 12, 2020

Mojaloop Phase Four Community Event Recap

by Warren Carew in Financial Inclusion , Fintech , Mojaloop , OSS , Payments 0 comments

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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Open Source Connection Manager Now Available
December 3, 2019

Open Source Connection Manager Now Available

by Dawn Kuczwara in Announcements , OSS , Payments 0 comments

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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ModusBox Returns to Mojaloop Convening September 10 – 12, 2019
September 4, 2019

ModusBox Returns to Mojaloop Convening September 10 – 12, 2019

by Dawn Kuczwara in Mojaloop , Payments 0 comments

We’ll again be in attendance at the Convening coming up this September 10-12, 2019 in Abidjan, Côte d’Ivoire. For those in attendance at this open Mojaloop Community event, stop by and chat with us and learn more about our Mojaloop related open source projects and programs. ModusBox Releases to Simplify Mojaloop Implementation As an experienced […]

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What is a Mojaloop Helm release?
August 29, 2019

What is a Mojaloop Helm release?

by Samuel Kummary in Mojaloop , Payments 0 comments

This will be our first post on the release notes and roadmap for the Mojaloop project that we have been heavy contributors to. The Mojaloop community has just announced the latest helm release of the Mojaloop platform. But what does that mean and how can we use it? A Mojaloop Helm release is a collection […]

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Learn by Doing: ModusBox Announces Mojaloop Virtual Lab
August 2, 2019

Learn by Doing: ModusBox Announces Mojaloop Virtual Lab

by Dawn Kuczwara in Announcements , Mojaloop , Payments 0 comments

It’s been exciting for us to see the multiple implementations of Mojaloop going in across the developing world, with the intent of offering low-cost mobile payments platforms to the world’s poorest. With our extensive knowledge and experience of the banking and payments space, it’s rewarding to witness the wheels of change in motion and being […]

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ModusBox at the Mojaloop PI-6 Convening for April 16-19
April 16, 2019

ModusBox at the Mojaloop PI-6 Convening for April 16-19

by Dawn Kuczwara in Financial Inclusion , Payments 0 comments

What is a Mojaloop Convening? The initial stages of the Level One Project, what would later come to be known as Mojaloop, required coordinated efforts from multiple teams. These development teams would gather to review the work done to that point, demonstrate new features, and set a theme and goal for the next development cycle. […]

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Announcing Support Offerings for Mojaloop
February 18, 2019

Announcing Support Offerings for Mojaloop

by Dawn Kuczwara in Financial Inclusion , Payments 0 comments

We’ve always felt honored to participate with the Bill and Melinda Gate Foundation (BMGF) on the Level One project – a project that resulted in Mojaloop. With this open source solution(OSS), real-time payment hub operators and their financial service partners are able to deliver enterprise-grade, low-cost payment infrastructure, and offer robust commercial solutions. We’re now […]

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