Mojaloop

The earliest mention of Mojaloop by commercial entities was the announcement in 2018 by Orange Telecom Group and MTN to establish a new joint venture called Mowali which would implement the Mojaloop technology.^[6] The joint venture was closed down in November 2022 due to lack of required approvals by the Central Bank.^[7]

In 2019, Forbes covered the efforts to build a solution in Tanzania.^[8]

The Mojaloop project was cited part of the Tanzania Instant Payment System (TIPS) which went began testing in June 2021 and was continuing with a close group test in early 2023.^[9] The Central Bank of Tanzania mentions TIPS in 2020.^[10]

In June 2022, Mojaloop announced the creation of the Central Bank Digital Currency (CBDC) Center of Excellence in Singapore.^[11]

Mojaloop implements payments in a flow including verification and lookup of destination account, quote, payments push and done via RESTful APis. Design documents provide documentation to implementing entities.^[12]

The Mojaloop Foundation is a US based charity, headquartered in Massachusetts, with expenses of $2.2 million in 2020.^[13]

Grants from Bill and Melinda Gates Foundation to Mojaloop include $4.7M in 2020 and $8.5M in 2023.^[14][15]

In 2024, Higala leverages on Mojaloop to lower the on-ramp barrier for small banks and other financial institutions to participate in interoperable payment rails and reduce the cost of moving funds amongst financial institutions in Philippines.^[16]

In 2025, initiative to launch interoperable payment system in Bangladesh with support from Gates foundation was announced.^[17]