*Digital Impact Awards Africa* will be featured under the *Include Everyone Summit*
The program constitutes
- Interoperability and Open APIs Hackathon,
- Include Everyone Summit ,
- Digital Impact Awards Africa.
This will bring together different digital and financial inclusion stakeholders from across Africa. The project will discover and promote products and services plus innovations which are of strategic importance for Africa’s drive to effectively reap maximum digital dividend that will catalyze Africa’s development.
Given the strategic importance of digital inclusion and financial inclusion in Africa, we call upon all players in the different economic sector industries that embrace digital in their businesses, plus those that provide or use financial services to participate.
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An application programming interface (API) “is an architecture that makes it easy for one application to ‘consume’ capabilities or data from another application” (Apigee). It is a protocol that allows software programs to “talk” to one another, defining what information should be supplied and what actions will be taken when it is executed. A common example is Uber’s use of Google Maps.
APIs are important to financial inclusion because they connect third-parties to established payments platforms e.g for M-PESA or MTN MOMO to deliver innovative services that address the needs of many customers. Many operators including Safaricom, Airtel, Vodacom/Vodafone, Orange, MTN have started initiative to avail their API over the web in what would be called an OPEN API approach. This approach will make it easier for different innovator to integrate to these renown telcom platforms and easily have their financial service for the poor innovations realized.
To go a level higher, Mojaloop which is widely thought and planned to be the potential and ultimate enabler for interoperability avails an open API that any stakeholder integrating into a mojaloop switch will easily have access to.
Innocent Kawooya CEO of HiPipo notes that under our Include Everyone program, We believe that open API, GSMA API and Mojaloop will be key to improve Financial Services for the Poor given the wide scale innovation that they would enable for small, medium and large enterprises and fintechs that are looking to contribute to Financial Inclusion.
Mojaloop grew out of principles set forth by the Financial Services for the Poor team at the Bill & Melinda Gates Foundation. With support and funding from the Bill & Melinda Gates Foundation, Mojaloop was designed by a team of leading tech and fintech companies: Ripple, Dwolla, ModusBox, Software Group and Crosslake Technologies
Mojaloop is open-source software for building interoperable digital payments platforms on a national, regional and international scale. Talk of payments and money transfers between Uganda and Kenya or Tanzania and Nigeria or Benin and Zambia. At a national scale, it could be payments and money transfers between all banks in the country and mobile money operators in the same country. These kinds of transactions will easily be facilitated by mojaloop. Mojaloop makes it easier and more affordable for different kinds of providers to link up their services and deploy low-cost financial services in new markets. Innocent Kawooya CEO HiPipo notes that in order to Include Everyone, we believe that software products and platforms such as mojaloop should be embraced since they will deliver more cost efficient interoperability.
Mojaloop development was funded by The Gates Foundation and is progressed and promoted by the Open Source Community. HiPipo under our Include Everyone Program support and promote the adoption of this software in the Open Source Community to facilitate financial inclusion.