Updated: Nov 7, 2022
Yangon, 11 May 2022
At the invitation of the Mojaloop Foundation, the ThitsaWorks Team attended the Convening of development, community members, and partners of the Mojaloop project in Tanzania on April 25-28, 2022. The objective of the event was to convene key stakeholders to have focused sessions covering some of the critical areas of Mojaloop including deployment, performance, and implementation updates. This is the first in-person community meeting since January 2020, and it was a wonderful opportunity for the community members to build new and foster existing partnerships.
Mojaloop Foundation is a charitable nonprofit organization with a mission to increase financial inclusion by empowering organizations create interoperable payment systems to enable digital financial services for all. Its members include the Bill & Melinda Gates Foundation, Google, the Monetary Authority of Singapore, Ripple, The Rockefeller Foundation, ModusBox, and Coil. The Mojaloop technology will be used to power the Mojaloop Hub which is the key component of the ecosystem to connect multiple Digital Financial Services Provides (DFSPs) into a competitive and interoperable network in order to maximize opportunities for people to get access to financial services.
The ThitsaWorks Team, led by Nyi Nyein Aye, Thynn Win, and Dr. Pyae Phyo Lwin, shared Mojaloop deployment experience in Myanmar. On the first day of the event, Nyi and Steve Haley from Mojaloop Foundation shared a presentation on “the Mojaloop Business Model; Setting up a scheme that matches all stakeholders' business models: hard lessons from Myanmar”. Interim Governance of Mojaloop Myanmar, WynePay Platform, path to sustainability, and challenges in implementing WynePay Platform were the highlighted topics. They discussed how WynePay can help to expand the digital payment ecosystem in Myanmar by connecting the dots, and shared challenges and considerations for other Hub Operators.
On the third day of Convening, Thynn and Pyae presented the Hub Operator’s perspective on Mojaloop deployment experience in Myanmar. Thynn shared technical preparations, the status of various workstreams, and lessons learned. Pyae talked about the preparation for onboarding of DFSPs, Hub Operation Team’s preparation, lessons learned from the Friendly User Testing (FUT) exercise, and preparing for the next steps to become a more efficiently functioning platform.
This event was an opportunity to exchange our knowledge and experience with partner organizations, FinTechs in the ecosystem, and Hub operators around the world. It was also good to see a group of students from a local university who are interested in learning about the technology and are seeking internship programs where they can learn it in a real-world setting. It was encouraging to see the younger generation’s passion and drive to build a better world. We made new friends and saw some old friends for the first time in person. Combining the learning and experiences with our social mission, we are thrilled and motivated to be a part of the vibrate community and renew our commitment to working towards solving poverty and powering financial inclusion using technology as a tool.
Learn more about Mojaloop Foundation here: https://mojaloop.io/