{"id":12970,"date":"2019-06-12T09:08:22","date_gmt":"2019-06-12T09:08:22","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=12970"},"modified":"2019-06-12T09:08:22","modified_gmt":"2019-06-12T09:08:22","slug":"gates-foundation-supports-open-mobile-banking-platform-in-africa","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/gates-foundation-supports-open-mobile-banking-platform-in-africa\/","title":{"rendered":"Gates Foundation supports open mobile banking platform in Africa"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Two of Africa\u2019s largest mobile operators and mobile money providers (Orange Group and MTN Group) have announced they will use Mojaloop, an open source financial services technology sponsored by the Gates Foundation. The two companies call their joint venture Mowali (mobile wallet interoperability), which will make it possible to send money between mobile money accounts issued by any mobile money provider in real time and at a low cost. It is estimated that Mowali has the potential to eventually reach 338 million users across Africa.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Africa has been a world leader in mobile payments, and the introduction of Mawali is expected to increase the usage of mobile money and make it a universal means of payment throughout Africa. This, in turn, will have the result of increasing financial inclusion, an essential element in economic development. <\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-12970 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='The rise of biometric bank cards'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-rise-of-biometric-bank-cards\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/01\/the-rise-of-biometric-bank-cards-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12123\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12123'>\n\t\t\t\tThe rise of biometric bank cards\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Why financial institutions are losing the talent war for developers'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/why-financial-institutions-are-losing-the-talent-war-for-developers\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/04\/why-financial-institutions-are-losing-the-talent-war-for-developers-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12669\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12669'>\n\t\t\t\tWhy financial institutions are losing the talent war for developers\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Singaporean mobile wallet providers form payment consortium'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/singaporean-mobile-wallet-providers-form-payment-consortium\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/cropped-image-of-woman-inputting-card-information-and-key-on-phone-or-laptop-while-shopping-online_1423-68-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-9551\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9551'>\n\t\t\t\tSingaporean mobile wallet providers form payment consortium\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Two of Africa\u2019s largest mobile operators and mobile money providers (Orange Group and MTN Group) have announced they will use Mojaloop, an open source financial services technology sponsored by the Gates Foundation. The two companies call their joint venture Mowali (mobile wallet interoperability), which will make it possible to send money between mobile money accounts &hellip;<\/p>\n","protected":false},"author":5,"featured_media":13032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[431,10],"tags":[49,287,70],"class_list":["post-12970","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-africa","category-fintech","tag-digital-transformation","tag-open-banking","tag-payments","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=12970"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12970\/revisions"}],"predecessor-version":[{"id":12971,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12970\/revisions\/12971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/13032"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=12970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=12970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=12970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}