December 8, 2022 | New York, NY
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Thursday, December 8 • 11:55am - 12:25pm
How Digital Public Goods Are Bringing the $10 Trillion Informal Economy Into the Digital Payments Loop - Paula Hunter, Mojaloop Foundation

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A growing list of developing countries and mobile money operators are turning to digital public goods as a path forward to achieve their interoperability and financial inclusion goals. A new post-COVID-19 digital renaissance is emerging. More than 100 countries have made digital government-to-person (G2P) payments possible during COVID-19 and now have the potential to scale up their interoperable payment system designs to provide permanent relief to their unbanked populations. Digital public goods (DPGs), such as Mojaloop, an open source software recognized by the Digital Public Goods Alliance, are the catalyst to interoperable payments systems and G2P payments that could bring the 1.4 billion people unbanked into the digital economy – especially since most citizens already own a simple mobile phone. If successful, the $10 trillion-dollar informal economy could have a direct pathway into the digital financial sector.

avatar for Paula Hunter

Paula Hunter

Executive Director, Mojaloop Foundation
Paula Hunter is the Executive Director of the Mojaloop Foundation – a charitable nonprofit organization focused on extending the financial inclusion efforts of the Mojaloop open source software project. She leads the organization’s strategic planning and direction; grant, membership... Read More →

Thursday December 8, 2022 11:55am - 12:25pm EST
  FDC3 / Interoperability
  • Content Experience Level Any
  • Session Slides Attached Yes