How It Works

Mojaloop is open source software that serves as a reference model for creating interoperable payments platforms connecting all digital financial providers and customers, especially the financially excluded. Rather than a financial product or application in itself, Mojaloop’s open source blueprint will remove barriers—including time, money and technical complexity—that have hindered payment models from meeting the digital financial needs of the world’s 1.7 billion unbanked people.

 

What’s Inside?

The Account Lookup Service (ALS) routes each payment to the correct service/provider in the ecosystem.

The Central Ledger is a series of services that facilitate clearing and settlement of transfers between DFSPs.

The Central Settlements service exposes Settlement API to manage the settlements between FSPs and the Central Hub

The Mojaloop Hub is the primary container and reference we use to describe the core Mojaloop components.

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