In the second part of this series on the challenges of building open, interoperable payments in Myanmar’s microfinance industry, we elaborate on the project’s first use case. Learn why we are developing a standardized loan repayment system in collaboration with the country’s financial institutions. Wherever you are in the world, you are likely to be […]
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A Case Study in Interoperable Payments in Myanmar’s Microfinance Industry Part 1: The Challenges
in
Financial Inclusion
, Microfinance
, Mojaloop
, OSS
, Payments
Over the last six months, our team has collaborated with UNCDF Myanmar to demonstrate the benefits of interoperable, real-time payments for about five million microfinance customers in Myanmar. But it hasn’t been easy. In this blog, we’d like to share some of the barriers we faced, discoveries along the way, and our approach to “getting […]
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3 Lessons Learned During COVID-19 About the Future of Cash
in
Banking
, Financial Inclusion
, Fintech
, Payments
Will cash be a thing of the past in the post-COVID-19 world? In just a few months, COVID-19 has managed to fundamentally disrupt the philosophies, processes, and systems of societies across the globe. One thing is for sure; our future will look very different. Business travel will never be the same, and companies are opting […]
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Introducing Mojaloop Release v10.4.0
in
Announcements
, Financial Inclusion
, Fintech
, Mojaloop
, OSS
We are excited to announce the latest Mojaloop release! With this release, support for organizations managing bulk disbursements and using non-Latin-based characters in names is available. Additionally, the implementation of Financial Service Provider Interoperability (FSPIOP) API v1.1 improves flexibility for financial institutions to conduct two-phase commits on funds, further reducing reconciliation risk. This release, packaged […]
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Mojaloop (PI-11) Open Source Convening Recap
in
Financial Inclusion
, Fintech
, Mojaloop
, OSS
If you weren’t able to attend July’s Mojaloop Community Event, you missed some exciting updates, fun demos, and presentations from various members of the open source community. After each quarterly meeting, we enjoy sharing the progress updates that our team is most excited about as the program transitions into the next increment. As members of […]
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How to Implement Custom Expression Language in Camel 3.x
in
DataSonnet
, OSS
, Tips and Tricks
In this blog post, I’m going to explain the process of implementing a custom expression language support in detail as well as highlight some specifics of the DataSonnet implementation. But first, let me explain how this got started. Prelude to a post Shortly after we released the first version of DataSonnet, our open source data […]
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Announcing v1.1 of Mojaloop’s Financial Service Provider Interoperability API
in
Announcements
, Financial Inclusion
, Mojaloop
, OSS
We are excited to announce the release of version 1.1 of the Mojaloop Financial Services Provider Interoperability (FSPIOP) API Specification. Currently, there are three APIs in the Mojaloop ecosystem: Mojaloop FSP Interoperability API Settlements API Admin / Operations API The FSPIOP API enables an interoperable financial transaction between a Payer account from one financial service […]
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No Data Format Plugin? No MIME Type? No Problem! – Part 1
in
Announcements
, DataSonnet
, OSS
, Tips and Tricks
In April, we announced the General Availability release of DataSonnet, our open source data mapping tool. We’re excited to continue to add new functionality to the code and contribute tips and tricks to the DataSonnet blog. In our latest post, Eugene Berman gives a great tutorial on generating a custom CSV-like payload using standard DataSonnet […]
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4 Digital Essentials for Microfinance to Survive the Economic Rainy Season
in
Banking
, Financial Inclusion
, Microfinance
, Payments
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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