In recent years new digital payment technologies such as mobile money have driven financial inclusion in emerging markets. Some of these emerging markets are now transitioning from closed-open payment networks to open-loop, instant payment systems. Instant payment systems streamline payments between individuals, merchants, and financial institutions. These systems create a more cash-like experience by adopting technology that allows clients with different financial service providers to send and receive money.
In this webinar, panelists presented a new white paper “Inclusive Instant Payment Systems: An Evidence-Based Approach from Design to Impact,” which explores how these systems work and the status of interoperability in emerging markets.
- Hussam Razi, Innovations for Poverty Action
- Dr. Russell Toth, University of Sydney
- Dr. Philip Roessler, William & Mary, U.S.
- Dr. Hsin-Tien (Tiffany) Tsai, National University of Singapore
- Dr. William Mng’ong’ose, Bank of Tanzania
- Omoneka J Musa, International Finance Corporation
- Steven Haley, Mojaloop Foundation
- Rebecca Rouse, Innovations for Poverty Action (moderator)