DFS Lab and the Mojaloop Foundation have announced their fourth joint bootcamp, aimed at fostering innovation in African payment solutions. The bootcamp, scheduled for May 23rd-26th, 2023, will bring together at least ten teams from across Africa to compete for a chance to win up to $5,000 in prize money. Each participating team will also receive $1,000.
The overarching theme of this year’s bootcamp is “Developing Innovative African Payment Solutions.” Specifically, the bootcamp will explore how merchants can interact with and use payment solutions developed by merchant service companies on the Mojaloop platform, with a focus on low/high proximity, offline, and e-commerce payments.
We are excited to collaborate with DFS Lab on this bootcamp, as their financial inclusion mission has resonated loudly with the African fintech community. The bootcamp will help spur instant payments systems innovation to connect all financial services providers and customers within the digital economy,” said Mojaloop Foundation Executive Director Paula Hunter. “As a digital public good, Mojaloop enables the interoperability needed to drive innovation, and we believe this bootcamp will help identify new and exciting use cases.
Jake Kendall, Managing Director of DFS Lab, added, “We’re thrilled to continue our partnership with the Mojaloop Foundation and support the next generation of African fintech innovators. We look forward to seeing the creative solutions that emerge from the bootcamp and hope they will inspire other entrepreneurs and innovators across the continent.”
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During the guided design sprint, participating teams will have the opportunity to work with Mojaloop and DFS Lab experts to rapidly prototype next-generation features for their product roadmaps.
Last year’s bootcamp was themed PISP (Payment Initiation Service Providers) and it featured nine teams building solutions on the PISP functionality of the Mojaloop platform.
To apply for the bootcamp, visit bit.ly/Mojaloopbootcamp23.
For more information, contact Gift Agboro, Head of Operations — DFS Lab
About the Mojaloop Foundation
The Mojaloop Foundation’s mission is to increase financial inclusion by empowering organizations creating interoperable payment systems to enable digital financial services for all. Sponsor-level members include the Bill & Melinda Gates Foundation, Coil, Google, MAS, Ripple, and The Rockefeller Foundation. To achieve its mission, Mojaloop Foundation operates as a 501(c)(3) charitable nonprofit organization, maintaining its free, open-source software, Mojaloop, and community as public goods in the service of financial inclusion. Merchants, banks, providers, government offices and other entities looking to build inclusive payments platforms can use Mojaloop — whole, adapted or as a real-time payments reference model. For more information about the Mojaloop Foundation, visit https://mojaloop.io/.