Mojaloop Service Provider Directory

Business Description

Paysys Labs is a digital financial services provider and strategic partner of Mojaloop and TAZAMA, serving 100+ financial institutions across 20+ countries in 4 regions. Our instant payment systems enabler process over 400 million transactions per month. We deliver end-to-end interoperable payment infrastructure From hub deployment, scheme design, DFSP onboarding, and live instant payment system use cases at scale. Our consulting practice has advised multiple central banks on designing and launching national instant payment systems, giving us a strategic edge that goes beyond implementation into shaping how countries build their payment future.

Workstreams

Mojaloop Deployments

Paysys Labs has served in a primary implementation role across multiple Mojaloop deployments, covering hub setup, scheme configuration, DFSP onboarding, and end-to-end transaction testing in both production-grade demo and live environments. WOCCU — Philippines & Indonesia (Primary Role) Paysys Labs was contracted by the World Council of Credit Unions (WOCCU) to design, develop, and demonstrate a real-time interoperable payments system using Mojaloop for credit unions across the Philippines and Indonesia. The project targeted 8 Financial Institution 6 in the Philippines and 2 in Indonesia, with the goal of establishing a credit union-led interoperable retail payment scheme aligned with Level One Platform (L1P) standards.

Scope included feasibility studies and technical assessments of participating credit unions, on-premises Mojaloop deployment in a demo environment, real-time Person-to-Merchant (P2M) transaction enablement, L1P compliance alignment, and direct engagement with national regulators in both countries for regulatory assessment and system alignment. The project concluded with a live stakeholder demonstration of successful real-time P2M transactions across credit unions.

Malaysia (Primary Role): Deployed Mojaloop for 6 financial institutions in Malaysia under the WOCCU programme, covering hub configuration, participant onboarding, endpoint and certificate setup, and integration testing.
Philippines (Primary Role): Implemented and tested Mojaloop across 2 financial institutions in the Philippines, enabling open-loop instant payments between credit unions as part of the cross-border interoperability initiative.
In addition to deployments, Paysys Labs serves on the Mojaloop Design Authority, contributing to the governance and technical direction of the open-source platform in alignment with Level One principles.

Mojaloop Integrations

Paysys Labs has successfully integrated Mojaloop with multiple financial institutions and systems across regions, enabled through our IPS Enabler Middleware — OpenConnect — which allows Mojaloop to connect with any internal or external system regardless of message format or protocol. Integrations completed include 6 financial institutions in Malaysia, 2 financial institutions in the Philippines, the Interledger Foundation, National Bank of Pakistan, and Dubai Islamic Bank.

A key differentiator of our integration approach is format-agnostic connectivity: OpenConnect Middleware supports ISO 20022, ISO 8583, REST, SOAP, and any proprietary software, with no dependency on a specific core banking system or technology stack. This means Mojaloop can be integrated with any internal banking system, wallet platform, or external payment network without custom development per institution. The middleware is built on a RabbitMQ queuing engine for high-throughput processing and is capable of handling 5,000 TPS, ensuring performance at national payment scheme scale. It also supports all standard instant payment use cases out of the box — P2P, P2M, bulk disbursements, collections, and cross-border transfers.

Mojaloop Products

OpenConnect — IPS Middleware Enabler OpenConnect is Paysys Labs middleware product purpose-built to integrate Mojaloop with any internal or external system. It has been fully tested with Mojaloop and is deployed in live Mojaloop environments.

Key capabilities:
— Format-agnostic: supports ISO 20022, ISO 8583, REST, SOAP, and proprietary protocols with no integration limitations
— High performance: handles 5,000 TPS using a RabbitMQ queuing engine for fast, reliable transaction processing
— Full use case coverage: enables all instant payment system use cases including P2P, P2M, bulk disbursements, collections, and cross-border transfers
— Universal connectivity: integrates with any core banking system, wallet platform, or external payment network without bespoke development OpenConnect removes the single biggest barrier to Mojaloop adoption
— complex, costly, per-institution integrations — making it the fastest path for DFSPs to participate in a Mojaloop-based payment scheme.
— Security & Compliance: OpenConnect and the broader Paysys Labs Mojaloop product stack are built to enterprise security standards. Security controls include OAuth 2.0 authentication and authorization framework for secure API access and token-based identity management.
— Security Certifications held: ISO/IEC 27001, PCI DSS, and PCI SSF .

Payment Technology Experience

Paysys Labs currently provides payment technology to more than 120 financial institutions across 20+ countries on 4 continents through OpenSuite — our integrated portfolio of payment technology products purpose-built for banks, fintechs, telcos, and central banks in emerging markets.

OpenSuite products include:
IPS Enabler — A complete instant payment system platform enabling national and regional IPS schemes with full use case support. Currently processing over 400 million transactions per month across live deployments.
OpenConnect — Format-agnostic IPS middleware supporting ISO 20022, ISO 8583, REST, SOAP, and proprietary protocols at 5,000 TPS, enabling universal connectivity between Mojaloop and any banking or payment system.
TAZAMA FRMS — Real-time fraud risk management system, integrated with Mojaloop and deployed as part of national instant payment infrastructure.
Cross-Border Remittance Platform — Multi-corridor, multi-currency remittance infrastructure supporting real-time cross-border payment use cases.
Digital Banking Platform — Mobile and internet banking platform for banks, MFIs, and credit unions.
Card and Wallet System — Issuing, acquiring, and wallet management for digital payment products.
Merchant Acquiring Platform — End-to-end merchant onboarding, Merchant Management System transaction routing, and settlement.
AI Innovation Layer — Intelligent processing and analytics overlay for payment systems. Beyond products,

Paysys Labs has an active consulting practice advising central banks and monetary authorities on the design, regulation, and launch of national instant payment systems — including engagements with the Central Bank of UAE, Arab Monetary Fund, and State Bank of Pakistan. This combination of product depth and sovereign-level advisory experience makes Paysys Labs a uniquely positioned partner for institutions building national payment infrastructure.

References

Paysys Labs footprint has reached more than 20 countries across 4 continents, offering services to more than 120+ Financial Institution. Client and partner references from banking, payments, interoperability, and government-related engagements across Asia, USA, MENA, and Africa are available upon request, subject to client approval and applicable confidentiality / NDA restrictions.

Some Named references include:
Gates Foundation
World Council of Credit Unions
Linux Foundation
AfricaNenda Foundation
Interledger Foundation
Central Bank of UAE
Arab Monetary Fund
State Bank of Pakistan
EthSwitch
IPSL Kenya
Axian Financial Services
MIFOS

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