Enabling Inclusive Fintech to Weather the Economic Impact of COVID-19
The Mifos Initiative and its global community can help the Base of the Pyramid absorb the severe economic shock of the pandemic through the innovation of inclusive fintech enabling the rapid delivery of G2P benefits, flexible and streamlined operations, and an accelerated transformation towards digital payments and branchless channels.
We provide an end to end open source banking architecture consisting of Open Building Blocks for digital financial services including composable and reusable components built as microservices, accessible via APIs, and deployed onto reference mobile apps.
We recently launched a special section on Mifos.org (https://mifos.org/take-action/covid-19/) outlining our approach which lays the foundation for a country-wide inclusive fintech ecosystem. Stay tuned as we share updates on how are partners helping individuals weather the economic impact of COVID-19.
With your donation on Giving Tuesday Now and GiveBig, we can:
- Enable the smooth transfer of benefit payments to individuals by rapidly deploying Mifos in the cloud and delivering through interoperable payment rails like Mojaloop.
- Extend additional credit to micro, small and medium enterprises by digitizing operations and lowering costs of financial inclusion providers.
- Ease the existing debt burden of individuals by leveraging the flexibility of Mifos to reschedule loans.
- Reduce the amount of physical contact and usage of cash by using our APIs and reference apps to adopt digital payments and delivery channels.
Mifos founder and Board Chairman, James Dailey, is giving a tech demo on this rapid deployment approach during the online Global Digital Development Forum. It aims to address challenges facing the informal economy he detailed in an article he co-authored with Jill Shemin on NextBillion.net
Thank you,

Edward Cable, President & CEO
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