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Mojaloop for National, Regional and International Interoperability – Remarks of Innocent Kawooya CEO HiPipo

Mojaloop is open-source software for building interoperable digital payments platforms on a national, regional and international scale.  Talk of payments and money transfers between Uganda and Kenya or Tanzania and Nigeria or Benin and Zambia.  At a national scale, it could be payments and money transfers between all banks in the country and mobile money operators in the same country. These kinds of transactions will easily be facilitated by mojaloop.  Mojaloop makes it easier and more affordable for different kinds of providers to link up their services and deploy low-cost financial services in new markets. Innocent Kawooya CEO HiPipo notes that in order to Include Everyone, we believe that software products and platforms such as mojaloop should be embraced since they will deliver more cost efficient interoperability.

Mojaloop development was funded by The Gates Foundation and is progressed and promoted by the Open Source Community. HiPipo under our Include Everyone Program support and promote the adoption of this software in the Open Source Community to facilitate financial inclusion.

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The #IncludeEveryone 5th Digital Impact Awards Africa

The 5th Digital Impact Awards Africa (#DIAA2018 #IncludeEveryone) is underway. As part of our #IncludeEveryone program #DIAA2018 is the leading event honouring the best in digital across Africa. DIAA2018 focus is on financial inclusion.  Nomination submission entries are open from June 25th and will close by July 25th 2018.

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We are Financial Inclusion

An estimated 2 billion working-age adults – more than half of the world’s total adult population – do not have an account at a formal financial institution. Financial inclusion efforts seek to ensure that all individuals households and businesses, regardless of income level, have access to and can effectively use the appropriate financial services they need to improve their lives. The benefits of financial inclusion are not only significant for individuals but for economies as well. Financial inclusion is linked to a country’s economic and social development and plays a role in reducing extreme poverty.