{"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='4 ways COVID-19 is improving the banking sector of Uzbekistan'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/4-ways-covid-19-is-improving-the-banking-sector-of-uzbekistan\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/06\/pos_1153-36101-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15043\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15043'>\n\t\t\t\t4 ways COVID-19 is improving the banking sector of Uzbekistan\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 13th-20th February'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-13th-20th-february\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/02\/bfc-fintech-monitor-10th-18th-february-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14505\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14505'>\n\t\t\t\tBFC FinTech Monitor 13th-20th February\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='New international standard for IoT products in development'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-international-standard-for-iot-products-in-development\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/new-international-standard-for-iot-products-in-development-2-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11868\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11868'>\n\t\t\t\tNew international standard for IoT products in development\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],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12970"}],"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}]}}