The objective of Thitsa Payment Portal (TPP) development is to build bulk repayment or disbursement process for MFIs using a system in which no APIs are publicly available to be integrated or for MFIs who are still running the processes manually as in Microsoft Excel.

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Thitsa Payment Portal is a data-transferred web-based portal powered by Mojaloop technology for financial institutions to connect real-time payment networks to perform digital payments without the necessity of acquiring a core banking system. Mojaloop utilizes the Interledger Protocol, enabling seamless settlement of payments across diverse networks, including multiple Mobile Network Operators (MNOs), commercial banks, and even central banks.

MFIs using a system in which no APIs are publicly available to be integrated or for MFIs who are still running the processes manually as in Microsoft Excel.

Thitsa Payment Portal is protected with two factor authentication which requires the user to provide the password and the authentication. Only the registered user account under an organization can download/ upload the bulk payments of the organization. Moreover, access permission is distributed based on the user role as in account manager role, checker role and maker role.

Checking and monitoring: User can check the repayment and disbursement list and see the list of clients who have made repayment in time and the clients who have not. For loan disbursement, the status of the disbursement into mobile wallets can be checked if it is successful or not. All the data are categorized in batch, date and time so that a file can be easily found when these entries are entered.

Absolutely. The portal itself was created to promote financial inclusion through digitization making the user experience easier with costs cut down. With this portal, more than 2 million borrowers in Myanmar, who otherwise would be left out of interoperability, will have access to the real-time payment switch when it becomes operational.