Advancing Financial Inclusion Through Open Source Payment Models
Explore the potential of open source payment models to advance financial inclusion in this 32-minute conference talk by Paula Hunter and Konstantin Peric from the Mojaloop Foundation. Gain insights into the challenges faced by those living on less than $2 a day and learn how mobile money operations have evolved since 2018. Discover how open source technology enabled mobile money interoperability in Tanzania, driving ecosystem growth. Understand the principles behind Mojaloop's design for inclusive, open payment system rails and its evolution. Examine the Mojaloop development model, core technologies, and the role of the Mojaloop Foundation in building a beneficial ecosystem for all. Explore four ways Mojaloop enables interoperable payment designs and learn how to engage with this initiative aimed at bridging the gap between mobile wallets and mainstream financial providers.