Mojaloop Foundation’s Global Partner Program Expands with Addition of Four Industry Leaders

Finternet, GFTN, IPA and Visa Support Growing Ecosystem Dedicated to Advancing Financial Inclusion for All

WAKEFIELD, Mass.--(BUSINESS WIRE)--The Mojaloop Foundation announced today that four influential organizations have joined its Global Partner Program: Finternet, the Global Finance & Technology Network (GFTN), Innovations for Poverty Action (IPA) and Visa. These partners bring extensive experience and domain expertise that will further empower the Mojaloop Foundation’s mission to advance inclusive instant payment systems (IIPS) worldwide.

The Mojaloop Foundation launched the Global Partner Program earlier this year to accelerate the development, deployment and adoption of open, interoperable digital payment systems in emerging markets. This initiative brings together organizations across technology, policy, research and financial sectors – including AfricaNenda, Cenfri, FNA, Global Legal Entity Identifier Foundation (GLEIF), Modular Open-Source Identity Platform (MOSIP), and the newly added partners – to collaboratively address barriers to financial inclusion.

“We are excited to welcome these leading organizations to our partner ecosystem,” said Paula Hunter, Executive Director of the Mojaloop Foundation. “The addition of these partners will augment and accelerate our work to advance financial inclusion, and the program's recent growth demonstrates the tremendous importance of building and advancing IIPSs globally.”

Under newly signed Memorandum of Understandings (MOUs), the organizations will work with the Foundation to bolster financial inclusion worldwide. The partnership with Finternet will allow the Foundation to stay abreast of emerging trends and markets in the inclusive digital finance space as the next iteration of its infrastructure is developed. IPA’s expertise in analysis of poverty reduction programs will assist Mojaloop implementers in making these programs more effective and inclusive. The partnership with GFTN will expand the Foundation’s reach and align its engagement and support among central banks across Africa and Asia, and Visa and the Foundation will collaborate on joint initiatives focused on knowledge sharing, ecosystem engagement, product training and market development of safer digital payments through enhanced fraud prevention. As part of the partnership, Visa’s Account-to-Account (A2A) Protect solution will be available as an integrated service on the Mojaloop platform. A2A Protect adds a security and risk management layer to safeguard real-time bank account payments.

The Mojaloop Partner Program drives collaboration across key focus areas:

• Collaborative Development: Co-creation of tools and technologies to enhance payment system interoperability and affordability.
• Engagement Initiatives: Joint efforts to raise awareness and demand for open-source IIPS and Digital Public Infrastructure (DPI) solutions.
• Thought Leadership: Advancing policies, standards and innovations like ISO 20022 evolution, AI applications in payments, stablecoins and cross-border transactions.

Supporting Quotes

“Together with the Mojaloop Foundation, IPA is excited to bring rigorous evidence to the forefront of inclusive instant payment systems. With system adoption on the rise, it's critical we know what works, what doesn’t, and the potential risks to consumers. IPA is committed to ensuring, through our extensive research and network, that instant payment systems deliver on their promise of financial inclusion," said Paul Adams, Director, Financial Inclusion Program, Innovations for Poverty Action.

“Finternet is proud to join the Mojaloop Partner Program. Building partnerships and collaborating with like-minded organizations like the Mojaloop Foundation help strengthen our efforts, expand our reach, and allow us to help even more people participate in the digital economy. We’re excited to see what we’ll accomplish together,” said Siddharth Shetty, CEO, Finternet.

“GFTN is committed to connecting innovation, regulation, and investment to drive meaningful progress – a vision that strongly resonates with the Mojaloop Foundation’s mission. Our collaboration with Mojaloop across Africa and Asia has already been incredibly valuable, and this partnership marks a shift from policy discussions to implementing real infrastructure,” said Kaitlyn Thinn, Director, Head of Strategy, GFTN.

“We are excited to join the Mojaloop Foundation Partner Program. We feel this collaboration will significantly bolster our efforts to make digital payments safer and more inclusive for everyone, and to help build trust and resilience in instant payment systems globally,” said Joanne Kubba, Senior Vice President, Government Affairs CEMEA, Visa.

About the Mojaloop Foundation

The Mojaloop Foundation’s mission is to increase financial inclusion by empowering organizations to create interoperable payment systems that enable digital financial services for all. As a 501(c)(3) nonprofit, the Foundation maintains Mojaloop—its open-source software and community—as public goods to serve global financial inclusion goals. Governments, banks, mobile money providers and other stakeholders can use Mojaloop to build or enhance inclusive real-time payment platforms. For more information, visit: https://mojaloop.io.