Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
Mojaloop Foundation

Mojaloop Foundation

Mojaloop is an open-source payment platform designed to increase financial inclusion in underserved markets.

Mojaloop is an open-source payment platform designed as a mobile payment system to help serve underbanked markets. This system was developed by the Level One Project, the umbrella blockchain project created by the Bill & Melinda Gates Foundation.

The project was developed as a reference model that is designed to work around barriers to digital financial services that can be utilized by organizations, banks, digital payment systems, governmental bodies, small businesses, mobile networks, and more.

The platform can be utilized as a means to lower transaction costs, implement interoperable payment APIs, modify internal systems, and help businesses operate with other payment providers. The platform was initially sponsored by organizations such as the Bill and Melinda Gates foundation, Coil, Google, ModusBox, Omidyar Network, and the Rockefeller Foundation. The platform can be viewed on Github. The organization also provides technical documents, specification documents, and business documents on their website.

Timeline

September 23, 2020
Ripple's Head of Social Impact Joins Mojaloop as a Member of the Board
September 17, 2020
PhonePe, Ripple join the Mojaloop Foundation as sponsor members

Patents

Further Resources

Title
Author
Link
Type
Date

mojaloop/docs

Web

News

Title
Author
Date
Publisher
Description
Omar Faridi
May 27, 2021
Crowdfund Insider
Monetary Authority of Singapore and Mojaloop Foundation to support the financially underserved with digital currency settlement systems.
Sponsored Post
December 2, 2020
Disrupt Africa
DFS Lab, a digital commerce investor and accelerator that partners with early-stage startups in Sub-Saharan Africa, announced it will host a virtual hackathon from January 13 to 15. The hackathon, supported by the Gates Foundation, will offer participants an in-depth look at Mojaloop, an open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion.

References

Golden logo
By using this site, you agree to our Terms & Conditions.