KAMPALA– As part of its ongoing Financial Inclusion efforts, HiPipo has today launched the 40 DAYS 40 FINTECHs initiative. Online registration is underway.
40 DAYS 40 FINTECHs, running from 25 May to 5 July 2020 will have 40 Africa based FinTech companies get introduced to Mojaloop OSS and guided on how to best use this open source software to achieve the best financial inclusion results for their bigger audiences. Women led FinTechs will be givenspecial attention.
While announcing this development, Innocent Kawooya – the HiPipo CEO noted that this initiative will help to expose local FinTechs, Developer teams or emerging companies to new tools available to reach the poor and as such extend access to innovative financial services.
“FinTechs should be excited because they have a grand chance to expand their market, first through learning and developing interoperable solutions using new amazing technologies such as Mojaloop. And secondly, because of the many discoveries and lessons they are going to make from the many astonishing and failed stories that we are going to discover and expose to the FinTech community and the world,” Kawooya said.
On financial transactions, Kawooya said Mobile Network Operators and Banks are going to be more open to integration and collaboration.
“One or a number of the FinTechs that will participate in the initiative, collaborate and embrace the use of Mojaloop might turn into the real heroes of our economy that will, may be, create a payment switch that will simplify payments interoperability in different markets forever,” Kawooya exolained.
Follow this link to learn more about and register for the 40 DAYS 40 FINTECHs project – https://www.hipipo.org/40-days-40-fintech/
Include Everyone Program
Kawooya said HiPipo, through the Include Everyone Program, is keen on promoting secure digital financial services because of their vital role in promoting financial inclusion.
“Our aim is to influence and shape financial technology and policy decisions within regulators, policy makers, government, political, economic, and social systems and institutions.”
Mojaloop OSS is open-source software for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion. It was originally developed by ModusBox with funding from Bill & Melinda Gates Foundation Level 1 Project in 2017.
Mojaloop made its entry in to Uganda in September 2019 with a 3 days Hack Mojaloop Developers workshop held in Kampala and organized by HiPipo – a local partner of Mojaloop in the country.