Overview Open Source projects like Apache Fineract can be used by financial service providers as a core banking system. Mojaloop is used for implementing real-time payment networks for switching payments between different Financial Service providers. The Author Elijah Okello is a passionate and skilled Software Engineer with 4+ years of experience. He holds a Bachelor’s… Read More »Developing a Core Connector for Mifos X
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
Considering an on-premise deployment of Mojaloop? Data Sovereignty and legal boundaries coupled with a lack of in-country cloud hosting options sometimes mean that an on-premise hosted solution is the best option to meet the requirements of certain jurisdictions. The majority of Mojaloop deployments to date have been cloud-based. There is a good reason for this… Read More »Addressing the challenges for Mojaloop On-Premise Deployments
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
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