Monday
September 10
2018

Bill Gates Foundation eyes Kenya’s mobile money with Mojaloop software

By David Ngash

The Bill and Melinda Gates Foundation is seeking to launch a free software that will enable Kenyans transact money across different banks and telcos.

The Business Daily reports that the foundation plans to hold talks with Kenya’s Central Bank in order to rollout the software known as Mojaloop.

The software will connect the six mobile money providers and 44 registered banks upon securing the necessary regulatory approvals and partnerships with industry players.

Photo courtesy of Simon Berry.

Source: Pulse Nigeria (link opens in a new window)

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Inclusive Fintech, Technology
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banks, Bill & Melinda Gates Foundation, emerging markets, fintech, technology, telecommunications