To achieve our mission, Mojaloop Foundation is a 501(c)(3) charitable nonprofit and maintains its free, open source software and community as a public goods in service of financial inclusion.
Digital financial services providers (DFSPs) are defined as the banks, government offices, merchants, mobile network operators, national payment providers, regulatory bodies, technology companies, and any other players developing and implementing digital payments systems across the global payment ecosystem.
The Mojaloop Foundation will focus on expanding the work the Mojaloop project initiated in Africa, expanding its engagement where there is the greatest opportunity to directly affect financial inclusion through interoperable payments. The organization will engage with digital financial service providers, regulators, NGOs and governmental offices looking to address the critical challenges faced by local underserved communities. Specific initiatives include:
Engage the Global Payments Community
The Mojaloop Foundation’s open source community, convenings and educational events will continue the unique collaboration environment created by the Mojaloop project. Through these activities, the organization aims to help more organizations understand how Mojaloop can be used as a blueprint for payment models that expand access to inclusive digital financial services. More information is available by reaching Mojaloop Foundation Community Manager, Simeon Oriko.
Advance and Maintain Mojaloop
The Mojaloop Foundation will continue to advance and maintain its free, open-source software, Mojaloop, and its community as public goods in service of financial inclusion. The Mojaloop Foundation’s Technical Governing Board (TGB), composed of member company representatives, will plan and oversee all the technical work conducted within the organization. The breadth of the TGB representation helps ensure a diversity of perspectives and approaches regarding the technical work at hand.
Membership is open to technical, charitable, non-governmental and service provider organizations (both public and private) interested in the organization’s mission of financial inclusion. The organization offers two membership levels, Sponsor members and Promoters. Membership is open to technical, charitable, non-governmental and service provider organizations (both public and private) interested in contributing to the organization’s mission of financial inclusion.