Mojaloop Foundation

Foundations Help Launch Financial Inclusion Nonprofit

Sponsored by the Bill & Melinda Gates Foundation Mojaloop software project has announced the launch of the Mojaloop Foundation. With additional support from founding sponsors Omidyar Network, the Rockefeller Foundation, Coil, Google, and ModusBox, the foundation will work to advance its free open-source software as a public good in service of financial inclusion globally. The software serves as a blueprint for how to simplify and reduce the cost of payment interoperability. This will enable banks, digital service providers, government agencies, NGOs, and other entities to develop tools that increase opportunities for low-income and unbanked individuals to access financial services.

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