Steve Haley Director of Market Development and Partnerships at Mojaloop Foundation
Countries are increasingly modernizing their national payment systems to include the 1.4 billion underserved individuals within the digital economy, particularly those who rely on mobile phones and have limited access to traditional bank branches. Integrating unbanked and underbanked citizens into the digital economy allows central banks in emergi...
01 July 2024
Note: This post was drafted in collaboration with Mojaloop Community members. There is a global effort to reduce cross-border remittance costs to no more than 5% for any corridor and no more than 3% for most (SDG 10.c and G20 Roadmap targets). We have a long way to go to get there – and we hope the final fees are actually lower. These important go...
24 October 2023 /payments /inclusion Financial Inclusion
What’s in a Name? RTP vs RTRP vs IPS vs Faster Payments One of the fun things about working on a global trend is watching the alphabet soup of acronyms and buzzwords diverge and converge. The US and UK are largely still using the term “faster payments,” and you hear that from international financial institutions like the World Bank. The rest of the...
25 August 2023 /payments /inclusion Financial Inclusion
As the world signals a potential recession, now more than ever small investments in inclusive financial infrastructure will potentially go a long way for migrant workers, small businesses and sole proprietors supporting families within emerging nations and across international borders. According to the McKinsey Global Institute, 1.4 billion peopl...
20 March 2023 /payments /inclusion Financial Inclusion
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