In the News

In the News

Building Better Faster: A guide to inclusive instant payment systems

by Mojaloop Foundation

Building faster better – a guide to inclusive instant payment systems, A guide to inclusive instant payment systems Some systems, such as UK Faster Payments, contract with participants for both scheme and switch services, butt fully outsource switching operations to a service provider. Others like NPCI in India have purchased… Read More

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Fintechs taking charge of financial markets – Maggie Kigozi

by Mojaloop Foundation

Financial Technology (Fintech) is  taking charge of the financial sector, according to Dr Maggie Kigozi, a renowned businesswoman and former Uganda Investment Authority executive director. Speaking during the Digital Impact Awards Africa in Kampala at the weekend, Dr Kigozi said Fintechs have shown what they can achieve, especially at a… Read More

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A more inclusive global digital economy

by Mojaloop Foundation

Thank you to the Monetary Authority of Singapore for the invitation to speak today—and for hosting this important event. While I hope we can have these big conversations in person again soon, I am grateful for all the ways that technology has kept us connected during the pandemic. We’ve seen… Read More

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The Next Wave: Moving money across Africa

by Mojaloop Foundation

I was reminiscing on a phone call that the year 2020 feels like 10 years rolled into one, and it’s still going on. Anyway, I hope you are well, and keeping safe. Money has been steady flowing into Africa’s tech startup ecosystem. Two weeks ago, Kuda Bank announced a $10… Read More

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Musoni integrates with Mojaloop payment switch

by Mojaloop Foundation

Musoni has been successfully integrated with the Mojaloop payment switch in Myanmar, enabling digital loan repayments to VisionFund Myanmar accounts from any mobile wallet or bank account also integrated with Mojaloop. The Mojaloop switch is designed to make it much easier for… Read More

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Why Fintechs Need to Have more Women

by Mojaloop Foundation

At the just-concluded Women in Fintech summit at Sheraton Kampala hotel last Friday, experts called for more involvement of women in the technology sector and fintech industry. Although women make the most purchases in digital transactions, they are most excluded from financial solutions, writes FRANK KISAKYE. The Women in Fintech… Read More

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Experts Call for Increased Involvement of Women in Fintech

by Mojaloop Foundation

Experts have called for increased involvement of women in the conceptualisation, design, development and marketing of financial technology solutions for increased profitability. Damali Ssali, a trade development expert, said increasing the number of women in financial technology companies (fintechs) space, especially in management, is not only right but also profitable. Read More

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Ripple’s Head of Social Impact Joins Mojaloop as a Member of the Board, Promises Far-Reaching Positive Effects

by Mojaloop Foundation

Ripple, the Brad Garlinghouse led cryptocurrency organization has always followed a pattern of creating partnerships and tie-ups with multiple fintech firms across the globe. Apart from having its own native cryptocurrency, XRP, the parent company has ensured that creating new networks is always a topmost priority. A recent interview with… Read More

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FinTechs urged to tap into Women entrepreneurs

by Mojaloop Foundation

KAMPALA – Ugandan Financial Technology (FinTech) companies have been advised to involve more women in the conceptualization, designing and development of Fintech products and solutions that can tap into the underserved market segment of Ugandan women entrepreneurs. Damali Ssali, a Chartered Accountant, Business and Trade Development Expert, says that in… Read More

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In the News

FinTechs urged to tap into Women entrepreneurs

by Mojaloop Foundation

Ugandan Financial Technology (FinTech) companies have been advised to involve more women in the conceptualization, designing and development of Fintech products and solutions that can tap into the underserved market segment of Ugandan women entrepreneurs. Damali Ssali, a Chartered Accountant, Business and Trade Development Expert, says that in a country… Read More

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PhonePe, Ripple join the ‘Mojaloop Foundation’ as sponsor members

by Mojaloop Foundation

The Mojaloop Foundation announced that India’s leading digital payments platform PhonePe and enterprise blockchain solution provider Ripple have joined as Sponsor members, the highest level of the organization. In their role as Sponsor members, they will join the Mojaloop Foundation Board of Directors and help provide the strategic vision, governance, and technical guidance to ensure the long-term… Read More

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Mojaloop Foundation Onboards Ripple to Advance Financial Inclusion

by Mojaloop Foundation

Ripple’s highest social priority is enabling the vulnerable and unbanked populations to enjoy economic opportunity and fairness. That’s one of the main reasons why it has joined Mojaloop Foundation. During yesterday’s announcement, Mojaloop made it clear that it has brought on board two other sponsor members, Ripple, which is a… Read More

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Women in Fintech tipped on running successful businesses

by Mojaloop Foundation

Women in financial technology (Fintech) have been urged to be patient if they are to cultivate and grow successful tech enterprises. Speaking during the Women in Fintech hackathon on Monday, Prof. Maggie Kigozi, the Women in Fintech chief mentor, said all entrepreneurs have to hustle for years before breaking through. Read More

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HiPipo unveils Women in Fintech hackathon

by Mojaloop Foundation

As part of its on-going financial inclusion efforts in Uganda and across Africa, HiPipo, a diversified company with operations covering digital, financial inclusion, content production has unveiled the Women in FinTech hackathon and summit. Slated for September 12-17, the Women in FinTech hackathon will have developers convene to… Read More

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Firm seeks to increase women participation in fintech space

by Mojaloop Foundation

Like most countries especially in Africa, Uganda still struggles with a huge gender diversity challenge in the financial technology space. Very few women are founders, leaders or even work in financial technology companies (Fintechs) – firms which use technology to enhance financial processes such as facilitating mobile payments, loan provision,… Read More

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Registration for Women in FinTech Hackathon kicks-off

by Mojaloop Foundation

KAMPALA — As part of its on-going Financial Inclusion efforts in Uganda and across Africa, HiPipo has today unveiled the Women in FinTech hackathon and summit. Slated for 12th to 17th, September, the Women in FinTech hackathon will have developers convening to develop financial inclusion solutions that address their communities’… Read More

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Introducing Mojaloop Release v10.4.0

by Mojaloop Foundation

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… Read More

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Behind the GSMA Interoperability Test Platform: from inception to launch

by Mojaloop Foundation

In the past months, the GSMA Inclusive Tech Lab made various announcements about the GSMA Interoperability Test Platform, talking about the importance of testing, our Beta release and the first version of the platform. But as an innovation lab for inclusive technologies, why did we decide to build the platform? How… Read More

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New Vision: Informal Sector Ripe Ground for Fintechs, Experts Say

by Mojaloop Foundation

The fintech landscape exhibition sought to mark the end of the 40-days-40-fintechs project, which was organised by HiPipo, in partnership with Crosslake Tech, ModusBox and Mojaloop Foundation. The fintechs were equipped with interoperability skills, using Mojaloop, a switching platform with a centralised service that brings together digital financial service providers… Read More

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ModusBox: Mojaloop Phase Four (PI-11) Convening – Online Event!

by Mojaloop Foundation

The next community gathering for Program Increment (PI) 11 is here! The first online meeting was a huge success back in April. Once again, we will be meeting virtually July 20-24, 2020! I’m excited to share a bit about what’s new for this month’s convening. First, as usual, a little… Read More

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Finextra: GSMA launches Mobile Money Interoperability Test Platform driving financial inclusion in Africa

by Mojaloop Foundation

While several interoperability models exist, there is an increasing interest in centralized models in which financial service providers are interconnected through a central hub. Within that scenario, the Bill & Melinda Gates Foundation initiated Mojaloop, open-source software that can be used to create interoperable digital payment systems to increase financial… Read More

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New Vision: Can Open Source Systems Aid Africa’s Business Growth?

by Mojaloop Foundation

To support Africa in its interoperability efforts, Open Source Community players, including HiPipo, Modusbox, Crosslake and Mojaloop Foundation, have embarked on a   journey to equip financial technology companies (FinTechs) across the continent with interoperability skills using the Mojaloop software. They have been running a 40-days- 40-fintechs projects, where 40 fintechs… Read More

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Daily Monitor: Fintechs Must Open Up to Shared Solutions – Players

by Mojaloop Foundation

Financial inclusion is one high flying discussion that continues to dominate boardrooms. It is a conversation that needs serious engagement to understand what financial institutions and service providers must offer beyond just extending financial access. First and foremost, financial technology companies (Fintechs) need to seek universal inclusion in an… Read More

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PML Daily: Yo Uganda is Demystifying Digital Wallets in Uganda

by Mojaloop Foundation

Over 135,000 farmers have so far been on-boarded on the digital ecosystem so far, bringing them into the financially included people bracket, which currently stands at 78%. This is also in line with the ongoing efforts to boost financial inclusion and this explains why Yo Uganda is among the firms… Read More

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HiPipo: E-commerce Platforms Urged to Ensure Real Time Settlements.

by Mojaloop Foundation

The fintech landscape exhibition sought to mark the end of the 40-days-40-fintechs project, which was organized by HiPipo, in partnership with Crosslake Tech, ModusBox, and Mojaloop Foundation. The engaged fintechs were equipped with interoperability skills using Mojaloop, a switching platform with a centralized service that brings together digital financial service… Read More

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IBS intelligence: Nonprofits and Tech companies unite to launch Mojaloop Foundation for Financial Inclusion

by Mojaloop Foundation

A coalition of nonprofits and tech companies has come together for the formation of Mojaloop Foundation to make it easier for developing countries to build real-time digital payments systems. The foundation aims at creating an interoperable payment platform, connecting digital financial service providers and customers by providing… Read More

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