Proof of concept completed Introduction: Similar to the recent dominance of AI breakthroughs in the startup industry, the remittance market is experiencing significant growth, with anticipated growth projected to soar even further. This surge is propelling central banks, financial service providers, and fintechs to innovate. Responding to this need, the Mojaloop community has unveiled an… Read More »Integrating Native Foreign Exchange Services into Mojaloop
Paul Baker is an Engineering Manager at INFITX and has over 25 years experience in managing technical teams solving complex problems well. Paul Baker has experience bridging the gap between product and business requirements that solve customer problems, with the technical design and implementation to support those solutions. He has a 20 years experience solving complex logistical optimisation problems as a director and founding member of OPSI systems. Paul Baker over 3 years of experience working at building solutions that address financial inclusion.
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
At INFITX we support the level-one principle that the Rails and Rules of an IIPS scheme are the places where organizations should collaborate. In support of this principle, we are involved in various Mojaloop Community work streams to help consolidate the expertise, experience, and knowledge of participants. The journey that one embarks on when building… Read More »The Journey to a Mojaloop Scheme MVP
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
Why is the bulk payment use-case important at the moment? An increase in government declared disasters fueled by climate change and covid 19 has put increasing pressure on the digital system in each country to succeed. This has led to initiatives like the ‘Digital Public Goods Alliance’ and ‘Co-Develop’ where open source project platforms are… Read More »Enhancements available for Bulk Payments in Mojaloop