Financial Inclusion

A Vision for Low-cost Cross Border Payments

24 Oct 2023

Note: This post was drafted in collaboration with Mojaloop Community members. There is a global effort to reduce cross-border remittance costs to no more than 5% for any corridor and no more than 3% for most (SDG 10.c and G20 Roadmap targets). We have a long way to go to get there – and we hope the final fees are actually lower. These important go...

Financial Inclusion

What is an Inclusive and Instant Payment System (IIPS)?

25 Aug 2023

What’s in a Name? RTP vs RTRP vs IPS vs Faster Payments One of the fun things about working on a global trend is watching the alphabet soup of acronyms and buzzwords diverge and converge. The US and UK are largely still using the term “faster payments,” and you hear that from international financial institutions like the World Bank. The rest of the...

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Financial Inclusion

Achieving Financial Equity Across Asia and Africa Requires a Digital Approach to Financial Inclusion

20 Mar 2023

As the world signals a potential recession, now more than ever small investments in inclusive financial infrastructure will potentially go a long way for migrant workers, small businesses and sole proprietors supporting families within emerging nations and across international borders. According to the McKinsey Global Institute, 1.4 billion peopl...