Mojaloop v15 Release The Mojaloop community is excited to announce the release of Mojaloop v15.0.0, which introduces a number of fundamental features and enhancements aimed at improving financial inclusion and increasing access to digital financial services for all. Make sure to have a look at the Mojaloop v15 Release Report for more of a functional… Read More »Announcement – Mojaloop v15 Release
This is part 2 in a blog series; in the previous blog “Building WynePay to address financial inclusion in Myanmar” we outlined why enabling the participation of financial institutions is important to address financial inclusion. Now we dig deeper into some obstacles encountered when enabling large-scale participation of various sizes and classes of financial institutions,… Read More »Part 2: Enabling Instant Payment Participation
INFITX, in partnership with Thitsaworks and the UNCDF, helped develop WynePay, an interoperable payment switch to help solve the financial inclusion challenges for the country’s mobile wallets and microfinance institutions (MFIs). In this four-part series we’ll share the design solution and the journey of building WynePay, how we simplified the technical onboarding challenges for MFIs… Read More »Part 1: Building WynePay to address financial inclusion in Myanmar
In partnership with ThitsaWorks and ONOW Myanmar, ModusBox is pleased to announce the addition of an upskilling component to the Myanmar Microfinance Digitization project we initiated alongside the UNCDF. RSG (Ready, Set, Go) is an education program designed to deliver training through easily accessible platforms that are familiar throughout the microfinance industry. With support from USAID’s (U.S. Agency for International Development) Digital… Read More »ModusBox, ThitsaWorks, ONOW Myanmar, and USAID Develop Digital Financial Services Education Platform for MFIs and Underserved Clients
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 the… Read More »4 Digital Essentials for Microfinance to Survive the Economic Rainy Season