SocialCashier

04/27/2026

LOS ÁNGELES, CALIFORNIA/ KUALA LUMPUR, MALASIA - Reimagination Technologies, Inc. (RT), empresa innovadora reconocida en soluciones de pago para WhatsApp, y Neurogine Sdn Bhd, proveedor líder de soluciones fintech en Malasia, anunciaron hoy una alianza que ampliará significativamente la disponibilidad y la adopción de tecnologías de pago de vanguardia en mercados clave.

Según Jaime Federico González Gasque, director ejecutivo de RT, esta alianza, formalizada mediante un nuevo acuerdo de distribución/revendedor, marca un momento crucial para RT en la expansión de su cartera y presencia global. "Al integrar la gama de tecnologías de pago avanzadas de Neurogine, podemos ofrecer un ecosistema más sólido e innovador a nuestros clientes, potenciando las capacidades de nuestra plataforma SocialCashier® y nuestras soluciones SocialPOS® y VoicePay", afirmó.

"Ahora estamos preparados para ofrecer un ecosistema de pago más completo e innovador. Esto nos permite brindar soluciones seguras y de vanguardia a nuestros clientes, mejorando las capacidades de nuestra plataforma SocialCashier®". RT distribuirá y revenderá la completa gama de productos de software y hardware de Neurogine, aprovechando su experiencia como desarrollador de software y proveedor SaaS de soluciones de pago para WhatsApp, junto con la sólida oferta de Neurogine y sus diversos terminales SmartPOS.

RT representará productos clave de Neurogine como Neurogine n2Tap, Neurogine nDMP (Plataforma de Gestión de Dispositivos), Neurogine nDiagnose, Neurogine nVenTap, el complemento Neurogine n2Tap, Neurogine nToken, Neurogine nCard, Neurogine nMerchant y soluciones de hardware como los terminales multipropósito inteligentes J1 y J2 y los terminales SmartPOS para tabletas. «Nuestra amplia experiencia en comercio social y conversacional, combinada con la plataforma de hardware y software de Neurogine, impulsará la expansión de las soluciones de pago digital tanto en mercados desarrollados como emergentes», afirmó Gasque.

El director ejecutivo de Neurogine, Chen Chee Onn, añadió: «Esta colaboración refuerza nuestra misión de hacer que los pagos digitales sean accesibles, eficientes y seguros. Al trabajar con RT, una empresa con una visión audaz y un modelo de entrega probado, podemos llegar a mercados desatendidos, apoyar a los pequeños y medianos comerciantes e impulsar el desarrollo de las economías digitales».

Esta alianza llega en un momento crucial para el panorama global de los pagos. Se prevé que el mercado de la tecnología de pagos sin contacto, valorado en 46.700 millones de dólares en 2024, supere los 100.000 millones de dólares en 2032, lo que refleja una tendencia sostenida hacia la comodidad de los pagos sin contacto. Las transacciones sin efectivo crecen a una tasa anual superior al 16 %, y se estima que para 2026 se alcanzarán más de 2 billones de pagos sin efectivo, lo que subraya la aceleración del abandono del efectivo. Además, las billeteras digitales están firmemente establecidas y se prevé que representen más de 25 billones de dólares en transacciones globales para 2027, lo que supone casi la mitad de todas las ventas de comercio electrónico y en puntos de venta combinados.

«Estamos presenciando un rápido cambio estructural en la forma en que el mundo paga. En este contexto, nuestra alianza con RT acelerará el acceso a las innovaciones de pago que ya están definiendo el futuro del comercio», afirmó Chen, añadiendo que la alianza representa un compromiso de ambas organizaciones para impulsar la transformación digital del comercio global.

24/04/2026 11:58 CET | Negocios, Economía, Finanzas, Banca y Seguros Comunicado de prensa de: Neurogine Sdn Bhd.LOS ÁNGELES, CALIFORNIA/ KUALA LUMPUR, MALASIA - Reimagination Technologies, Inc. (RT), empresa innovadora reconocida en soluciones de pago para WhatsApp, y Neurogine Sdn Bhd, proveedor ...

04/27/2026

LOS ANGELES, CALIFORNIA/ KUALA LUMPUR, MALAYSIA - Reimagination Technologies, Inc (RT), a recognised innovator in WhatsApp payment solutions and Neurogine Sdn Bhd, a leading Malaysian fintech solution provider, today announced a partnership that will significantly broaden the availability and adoption of state-of-the-art payment technologies across key markets.

According RT Chief Executive Officer Jaime Federico Gonzalez Gasque, the partnership, formalised through a newly signed Distributor/Reseller Agreement, marks a pivotal moment for RT as it expands its portfolio and global footprint. "By integrating Neurogine's range of advanced payment technologies, we can deliver a more robust and innovative ecosystem to our customers, elevating the capabilities of our SocialCashier® platform and our broader SocialPOS® and VoicePay solutions," he said.

"We are now poised to offer a more comprehensive and innovative payment ecosystem. This allows us to deliver cutting-edge, secure solutions to our customers, enhancing the capabilities of our SocialCashier® platform." RT will distribute and resell Neurogine's comprehensive suite of software and hardware products, leveraging RT's expertise as a software developer and SaaS provider of WhatsApp payment solutions alongside Neurogine's robust offerings and various SmartPOS terminals.

RT will represent key Neurogine products like Neurogine n2Tap, Neurogine nDMP (Device Management Platform), Neurogine nDiagnose, Neurogine nVenTap, Neurogine n2Tap plug-in, Neurogine nToken, Neurogine nCard, Neurogine nMerchant and hardware offerings like J1 and J2 Smart Multipurpose terminals and Tablet SmartPOS. "Our deep experience in social and conversational commerce, combined with Neurogine's hardware and software stack, is expected to turbocharge the rollout of digital payment solutions in both developed and emerging markets," said Gasque.

Neurogine Chief Executive Officer Chen Chee Onn added, "This collaboration underscores our mission to make digital payments accessible, efficient and secure. By working with RT, a firm with a bold vision and proven delivery model, we can reach underserved markets, support small and medium-sized merchants, and drive the realisation of digital economies forward."

This partnership comes at a critical inflection point in the global payments landscape. The contactless payments technology market, valued at USD46.7 billion in 2024, is projected to surpass USD100 billion by 2032, reflecting a sustained shift toward tap-and-go convenience. Non‐cash transactions are growing at an annual rate of over 16 per cent with forecasts estimating more than 2 trillion cashless payments by 2026, underscoring the accelerating shift away from cash. On top of that, digital wallets are firmly entrenched and expected to account for over USD25 trillion in global transactions by 2027, representing nearly half of all e-commerce and point-of-sale sales combined.

"We are seeing a rapid structural shift in how the world pays. In this context, our partnership with RT will accelerate access to the payment innovations that are already defining the future of commerce," said Chen adding the partnership marks a commitment by both organisations to drive global digital commerce transformation.

04-24-2026 11:58 AM CET | Business, Economy, Finances, Banking & InsurancePress release from: Neurogine Sdn Bhd.LOS ANGELES, CALIFORNIA/ KUALA LUMPUR, MALAYSIA - Reimagination Technologies, Inc (RT), a recognised innovator in WhatsApp payment solutions and Neurogine Sdn Bhd, a leading Malaysian fint...

04/17/2026

Nos hemos estado preparando para este momento. Hoy, ha llegado. 🇻🇪

La OFAC acaba de emitir la Licencia General 57, que abre el sistema bancario venezolano a las empresas estadounidenses de tecnología financiera, pagos y remesas.

A partir del 14 de abril de 2026, la GL57 permite:

1️⃣ Transacciones con cuatro bancos venezolanos, entre ellos el Banco Central de Venezuela y el Banco de Venezuela.

2️⃣ El conjunto completo de métodos de pago, definido en términos generales: transferencias, monederos digitales, dinero móvil y pagos con tarjeta.

3️⃣ Un corredor legal de entrada y salida que conecta las plataformas de criptomonedas estables con sede en EE. UU. con los canales bancarios oficiales venezolanos.

4️⃣ Mecanismos de protección para las instituciones financieras intermediarias.

Esto no es ninguna sorpresa; es el pistoletazo de salida. Hicimos nuestra apuesta porque sabíamos que la apertura se acercaba y queríamos estar listos desde el primer día.

Creamos nuestro neobanco impulsado por stablecoins para pagos transfronterizos en toda Latinoamérica. Ahora podemos expandirnos agresivamente en Venezuela, donde nací y crecí.

Alcance de la Licencia General 57 (Servicios Financieros).

La GL57 autoriza transacciones financieras que involucran a instituciones estatales clave:

Banco Central de Venezuela (BCV)
Banco de Venezuela, S.A.
Banco del Tesoro, C.A.
Banco Digital de los Trabajadores C.A.

Actividades autorizadas: Esto incluye el mantenimiento de cuentas, la banca corresponsal en USD, las transferencias ACH y electrónicas, y la operación de billeteras digitales y plataformas de dinero móvil. De esta manera, legitima el acceso de las fintech estadounidenses al mercado venezolano.

2. Licencia General 56: Pre-entrada comercial.

La GL56 amplía el alcance al permitir la negociación de contratos contingentes en todos los sectores, incluyendo telecomunicaciones, manufactura y tecnología. Esto permite a las empresas asegurar acuerdos legales hoy, con un cumplimiento condicionado a futuras medidas de la OFAC, garantizando así su preparación para cualquier eventualidad.

3. Sinergia entre Fintech y Stablecoin.

La licencia proporciona un entorno seguro para los bancos intermediarios, permitiéndoles confiar en los originadores de transferencias para el cumplimiento normativo. Para los neobancos que utilizan stablecoins, esto crea un corredor legal para conectar las plataformas blockchain con las cuentas bancarias tradicionales venezolanas, reduciendo los costos de transacción y la fricción en los pagos transfronterizos.

Startup Venezuela Summit (Miami).

Este cambio regulatorio será el tema central del Startup Venezuela Summit en el EB Hotel Miami (20-21 de abril de 2026).

* Ponentes destacados: Alejandro Grisanti (Ecoanalítica), Vicente Zavarce (Yummy) y Pedro Vallenilla (Cashea). Analizarán cómo estas nuevas plataformas financieras acelerarán el crecimiento de sus respectivas entidades.

Nosotras estaremos en La próxima semana participaré en la Cumbre de Startups Venezuela, donde hablaré con empresas venezolanas, inversionistas y la diáspora en general. ¡Más información próximamente!

Por Boris Spiwa.

04/17/2026

We've been preparing for this moment. Today, it's here. 🇻🇪

OFAC just issued General License 57, opening Venezuela's banking system to U.S. fintech, payments, and remittance companies.

Starting April 14th 2026, GL57 unlocks:

1️⃣ Transactions with four Venezuelan banks, including the Central Bank of Venezuela and Banco de Venezuela.

2️⃣ The full payments stack, broadly defined: transfers, digital wallets, mobile money, & card payments.

3️⃣ A legal on/off-ramp corridor connecting U.S.-based stablecoin rails to official Venezuelan banking channels.

4️⃣ Safe harbor protections for intermediary financial institutions.

This isn't a surprise - it's a starting gun. We placed our bets because we knew the unlock was coming and we wanted to be ready on day zero.

We built our stablecoin-powered neobank for cross-border payments across Latin America. Now we can expand aggressively in Venezuela, where I was born and raised.

Scope of General License 57 (Financial Services).

GL57 authorizes financial transactions involving key state institutions:

Central Bank of Venezuela (BCV)

Banco de Venezuela, S.A.

Banco del Tesoro, C.A.

Banco Digital de los Trabajadores C.A.

Authorized Activities: This includes maintaining accounts, USD-denominated correspondent banking, ACH and wire transfers, and the operation of digital wallets and mobile money platforms. It effectively legitimizes the "on/off-ramp" for U.S. fintechs serving the Venezuelan market.

2. General License 56: Commercial Pre-entry.

GL56 broadens the horizon by allowing the negotiation of contingent contracts across all sectors, including telecommunications, manufacturing, and technology. This allows firms to secure legal agreements today, with performance contingent on future OFAC steps, ensuring they are "day zero" ready.

3. Fintech & Stablecoin Synergy.

The license provides a Safe Harbor for intermediary banks, allowing them to rely on transfer originators for compliance. For stablecoin-powered neobanks, this creates a legal corridor to bridge blockchain rails with traditional Venezuelan bank accounts, reducing transaction costs and friction for cross-border payments.

Startup Venezuela Summit (Miami).

Este cambio regulatorio será el tema central del Startup Venezuela Summit en el EB Hotel Miami (20-21 de abril de 2026).

* Speakers destacados: Alejandro Grisanti (Ecoanalítica), Vicente Zavarce (Yummy), y Pedro Vallenilla (Cashea). They will analyze how these new financial rails will accelerate the growth of their platforms.

We'll be in next week for Startup Venezuela Summit, speaking to Venezuelan businesses, investors, and the broader diaspora. More to follow!

By Boris Spiwak

We've been preparing for this moment. Today, it's here. 🇻🇪OFAC just issued General License 57, opening Venezuela's banking system to U.S. fintech, payments, and remittance companies.Starting April 14th 2026, GL57 unlocks:1️⃣ Transactions with four Venezuelan banks, including the Central Ba...

04/10/2026

Las FinTech como Clip y Mercado Pago son responsables del 80% de las terminales POS en México, pero únicamente capturan el 5.6% del volumen transaccional. Eso no es digitalización. Es un cementerio de terminales.

Por su parte, Mastercard se presenta como el "socio estratégico" para digitalizar los pagos en México con Merchant Cloud, Tap on Phone, SoftPOS, tokenización, IA, ciberseguridad. La narrativa es impecable. Pero las matemáticas no dan.

🔹 8.5 MILLONES de comercios en México, Centroamérica y el Caribe manejan EXCLUSIVAMENTE efectivo.

🔹 70% son microempresas. 64% operan en informalidad.

🔹 Solo el 27% de los comerciantes en México aceptan tarjeta vía POS — y de los que tienen terminal, la mayoría apenas la usa.

🔹 El efectivo representa el 58% del gasto de consumo personal en la región.

En México, el contactless apenas llega al 34%.

Para el Señor taquero que va iniciando, la comisión de interchange no es un "costo de hacer negocios." Es un IMPUESTO a la digitalización. El efectivo le cuesta CERO, no paga impuestos y es usado sin ningún tipo de fricción por el 94% de sus clientes.

Y aquí viene la contradicción estructural que nadie está nombrando:

Mastercard VIVE de las comisiones de interchange. Parte de su modelo depende de que los comercios paguen por procesar transacciones con tarjeta.

Ahora Mastercard llega con la promesa de "digitalizar a los 8.5 millones de comercios en México" Pero su modelo DEPENDE de cobrarles comisión. Y Banxico está construyendo un mundo donde SPEI es gratuito, la UX es homologada por ley, y funciona con el número de teléfono — sin tarjeta, sin terminal, sin Mastercard.

Un comercio informal no necesita otra terminal. Necesita que aceptar pagos digitales no le cueste dinero.

Los ingresos por pagos digitales en Latinoamérica se van a TRIPLICAR para 2027. Un aumento del 10% en adopción genera impacto medible en el PIB. El mercado es ENORME. Pero capturarlo requiere resolver la economía del comercio informal — no venderle más infraestructura.

Mientras Mastercard vende soluciones para aceptar pagos con tarjeta, Banxico está construyendo un mundo donde aceptar pagos es gratuito y universal por diseño regulatorio. La pregunta ya no es si Mastercard puede digitalizar a México. Es si México la necesita para hacerlo.

Banxico opina que NO. Sus actos hablan por sí solos: están construyendo un sistema donde transferir dinero es gratis, instantáneo y estandarizado por ley, para eso ¿Qué crees? Simplemente no ocupan a Mastercard.

Dos soluciones propuestas. Mastercard propone más infraestructura de tarjetas. Banxico transferencias gratuitas y universales. NINGUNA
resuelve el verdadero problema. La informalidad.

Si el 80% de las terminales ya están instaladas y solo capturan el 5.6% del volumen... ¿el problema es falta de infraestructura o falta de incentivos?

Por: Carlos Valderrama.

Las FinTech como Clip y Mercado Pago son responsables del 80% de las terminales POS en México, pero únicamente capturan el 5.6% del volumen transaccional. Eso no es digitalización. Es un cementerio de terminales.Por su parte, Mastercard se presenta como el "socio estratégico" para digitalizar lo...

04/10/2026

FinTech companies like Clip and Mercado Pago are responsible for 80% of POS terminals in Mexico, but they only capture 5.6% of transaction volume. That's not digitization. It's a terminal graveyard.

Meanwhile, Mastercard presents itself as the "strategic partner" for digitizing payments in Mexico with Merchant Cloud, Tap on Phone, SoftPOS, tokenization, AI, and cybersecurity. The narrative is impeccable. But the numbers don't add up.

🔹 8.5 MILLION businesses in Mexico, Central America, and the Caribbean handle EXCLUSIVELY cash.

🔹 70% are micro-enterprises. 64% operate informally.

🔹 Only 27% of merchants in Mexico accept card payments via POS—and of those that have a terminal, most barely use it.

🔹 Cash represents 58% of personal consumption spending in the region.

In Mexico, contactless payments barely reach 34%.

For the small-time taco vendor just starting out, the interchange fee isn't a "cost of doing business." It's a tax on digitalization. Cash costs him nothing, he doesn't pay taxes, and it's used seamlessly by 94% of his customers.

And here's the structural contradiction that no one is mentioning: Mastercard lives off interchange fees. Part of its business model depends on merchants paying to process card transactions.

Now Mastercard is promising to "digitize the 8.5 million businesses in Mexico." But its model depends on charging them a fee. And Banxico (the Bank of Mexico) is building a world where SPEI (Interbank Electronic Payment System) is free, the user experience is standardized by law, and it works with a phone number—no card, no terminal, no Mastercard.

An informal business doesn't need another terminal. It needs to accept digital payments without costing it money.

Digital payment revenue in Latin America is projected to triple by 2027. A 10% increase in adoption generates a measurable impact on GDP. The market is enormous. But capturing it requires addressing the informal economy—not selling it more infrastructure.

While Mastercard sells solutions for accepting card payments, Banxico is building a world where accepting payments is free and universal by regulatory design. The question is no longer whether Mastercard can digitize Mexico. It's whether Mexico needs it to do so.

Banxico believes no. Its actions speak for themselves: they are building a system where transferring money is free, instant, and standardized by law. For that, guess what? They simply don't need Mastercard.

Two proposed solutions: Mastercard proposes more card infrastructure. Banxico proposes free and universal transfers. Neither solves the real problem: the informal economy.

If 80% of the terminals are already installed and only capture 5.6% of the volume... is the problem a lack of infrastructure or a lack of incentives?

By Carlos Valderrama.

FinTech companies like Clip and Mercado Pago are responsible for 80% of POS terminals in Mexico, but they only capture 5.6% of transaction volume. That's not digitization. It's a terminal graveyard.Meanwhile, Mastercard presents itself as the "strategic partner" for digitizing payments in Mexico wit...

03/30/2026

Mexico City – March 24, 2026 – Visa, a global leader in payments, today announced the launch in Mexico of the Visa Acceptance Platform Software Development Kit (SDK), enabling its clients to offer Tap to Pay on iPhone.

We are thrilled to announce that Visa has launched in Mexico.

With Tap to Pay on iPhone, businesses can accept all types of in-person and contactless payments directly from their iPhones—from physical debit and credit cards to Apple Pay and other digital wallets—without the need for terminals or additional hardware. It’s easy, secure, and private. Thanks to the Visa Acceptance Platform SDK, our clients and business partners can now easily integrate Tap to Pay on iPhone.

With Tap to Pay on iPhone, Visa reinforces its commitment to empowering small businesses and merchants of all sizes to adopt innovative solutions that simplify digital payments, providing them with the tools they need to grow, compete, and actively participate in the digital economy of our country.

Tap to Pay on iPhone allows merchants to easily and securely accept contactless in-person payments directly from an iPhone—without the need for additional card readers or terminals—via a compatible iOS app. Merchants can accept all forms of contactless payment, including contactless credit and debit cards, Apple Pay, and other digital wallets. The solution is compatible with Visa and other major card networks.

Payment Service Providers (PSPs) and Independent Software Vendors (ISVs) that offer payment applications to merchants can now integrate Tap to Pay on iPhone through the Visa Acceptance Platform SDK.

Using Tap to Pay on iPhone is easy, secure, and private. With Tap to Pay on iPhone, at the time of payment, the merchant simply instructs the customer to tap their contactless payment method against the iPhone, and the transaction is completed securely using NFC technology.

“Visa is committed to helping businesses of all sizes and segments adopt innovative solutions that simplify digital payments,” said Francisco Valdivia, General Manager of Visa Mexico. “With the Visa Acceptance Platform SDK, Tap to Pay on iPhone makes it easy for businesses to start accepting contactless payments more securely in minutes, anywhere in the store or on the go, without the need for additional hardware. This solution reinforces our commitment to empowering small businesses in Mexico by providing them with the digital tools they need to grow and compete in today’s economy.”

Tap to Pay on iPhone leverages the iPhone’s built-in security and privacy features to help protect both merchant and customer data. Apple does not store card numbers or transaction information on the device or its servers, giving merchants and consumers peace of mind by keeping their data under their control.*

Key benefits of Tap to Pay on iPhone for PSPs and merchants include:

No additional hardware: Payments are accepted directly from the merchant’s iPhone, eliminating the need for external terminals or readers.

Quick onboarding: Merchants can start accepting payments in minutes through a compatible iOS app on an iPhone XS or later, running the latest version of iOS.

Payment flexibility: Supports contactless physical debit and credit cards, as well as digital wallets.

Payments on the go: Ideal for mobile businesses, pop-up shops, and events that require accepting payments at multiple locations.

Encrypted card numbers are temporarily stored on the iPhone only for transactions made in Store and Forward mode.

Mexico City – March 24, 2026 – Visa, a global leader in payments, today announced the launch in Mexico of the Visa Acceptance Platform Software Development Kit (SDK), enabling its clients to offer Tap to Pay on iPhone.We are thrilled to announce that Visa has launched in Mexico...

03/19/2026

Cash remains the world's most popular way to pay. And African countries are the most dependent on physical money. But, worldwide people are moving to digital payments.

How can people with no access to technology be included in a cashless society?

Cash is king. The quick and easy way to hand money from one person to another has proven its value for centuries. It's impossible to know exactly how much physical money exchanges hands every day, but cash remains the most popular way to pay – for now. As the world becomes better connected, and people expect to be able to trade with and pay people they may never meet in person, the trend worldwide is towards digital payments.

But, there is a problem. While 71% of people in developing countries have a financial account, many still don't have access to a full range of financial services. Worldwide, 1.4 billion people are "unbanked" – they have neither a bank account or the ability to transfer money – and 350 million of that proportion live in Africa.

Whether it's making a purchase or getting paid for services, digital finances can have the same or greater universality as cash, says Kosta Peric, deputy director of the inclusive financial services strategy team at the Bill & Melinda Gates Foundation. Digital payments can also be more secure than carrying physical money, and enable users to make payments from a distance.

Interoperable instant payment systems (IPS), sometimes also called real time payment systems (RTP), facilitate digital payments systems that have all the benefits of cash without its downsides, allowing money to be transferred seamlessly and instantly globally.

"It's what makes money moveable instantly between institutions," says Adama Diallo, head of partnerships at Google's Next Billion Users initiative in Africa. "When [IPS] come into a country, they fundamentally change how payments are made, and provide scheme owners a foundation to improve institutions' ways of working."

“When a person can access their money digitally, they have ownership over it.”
Kosta PericThe Bill & Melinda Gates Foundation

"When you say instant it really means instant. If I send you money, you instantly have it. Not in one minute, not in an hour, instantly and irrevocably," says Peric. "That is important, because it mimics cash. If I hand you cash physically, our transaction is done, you own the cash. That same concept needs to be replicated in the digital world and that is this notion of instant irrevocable push payment. When a person can access their money digitally, they have ownership over it. So many other opportunities are open to people when they are given proper access and control over their finances."

Considering the number of unbanked people in Africa, providing easier ways to access and move money could be an enormous benefit for some of the most vulnerable people in society, Peric explains.

"For a long time, banks did not serve the very poor. Now, we're witnessing digital financial service providers, telecom providers and fintech providers showing us how it is possible to be economically profitable by serving and connecting the unbanked."

Digital financial services and tools are critical to accelerating the rate at which the financially excluded population move into the formal financial system and hold on to the gains they have made in developing economies, adds Peric.

He says that building these systems can be costly, and the lack of connection between digital financial services and payment platforms can limit how quickly and efficiently they are rolled out to new regions and customers.

“We must be careful to not create a digital divide and further push people out of the circle.”
Adama DialloGoogle's Next Billion Users

Caution must be taken to not leave people behind as these systems evolve, warns Diallo. Globally, 65% of women have an account with a financial institution, compared with 72% of men, leaving women facing disproportionately affected by socioeconomic, cultural and technological barriers to financial services.

"We must be careful to not create a digital divide and further push people out of the circle," she explains. "Imagine a shopkeeper whose livelihood relies on her income. Her bank account isn't compatible with her customer's bank, and she can't afford the cost and fees that come with modern financial services, so she can only accept cash. This makes business difficult to maintain, and therefore pushes her back into a circle of people being left behind."

Started in 2017 by the Bill & Melinda Gates Foundation, Mojaloop's software is designed to help fast track the uptake of digital financial services, by enabling central banks, hub operators, financial institutions and system integrators to create a customised instant payment system that serves community needs. The Mojaloop structure does this by enabling merchants to instantly receive payments from customers paying with mobile money and digital

03/13/2026

The Central Bank of Liberia (CBL), in collaboration with the Mojaloop Foundation, ThitsaWorks, and The AfricaNenda Foundation, has launched the Liberian Inclusive Instant Payments System (IIPS). This new real-time interoperable payments platform is designed to digitize the national economy and enhance financial inclusion across the country.

The launch marks a significant milestone for Liberia, with the system being the first real-money deployment of Mojaloop v17 globally. This version provides the country with advanced cross-border and fintech integration capabilities.

Rapid deployment and interoperability

One of the standout features of this project was its speed; the system was deployed in just 73 business days, making it the fastest Mojaloop implementation to date.

The IIPS will principally enable interoperability between Liberia’s two major Mobile Network Operators, Lone Star Cell MTN and Orange Liberia. Historically, the lack of interoperability in Liberia’s cash-heavy economy forced citizens to carry two phones to transact across different networks. The new system removes this friction, allowing for seamless mobile money transfers.

Steve Haley, director of market vevelopment at The Mojaloop Foundation, commented: “We are thrilled to see IIPS deployed with such speed. Completing the first Government-to-Person (G2P) use case in 73 days and delivering Person-to-Person (P2P) capability in 111 days, culminating in a fully interoperable platform connecting Lone Star Cell MTN and Orange Liberia is a phenomenal and unprecedented achievement.”.

Advancing financial inclusion

Liberia has already made strides in financial access, with account ownership reaching 52 per cent in 2024, surpassing its 50 per cent target. This growth has been largely driven by the rapid adoption of mobile wallets, which now number over 11 million. The IIPS aims to build on this by integrating all key market participants, including commercial banks, microfinance institutions, fintechs, and government agencies.

The system is expected to significantly improve efficiency for government payments. Processes such as salary disbursements, which previously took up to seven days, will now be completed in seconds.

Miatta Kutteh, director of payment systems at the Central Bank of Liberia, stated: “To remain on par with our neighbors, we knew we needed to fully digitize Liberia’s economy. Implementing IIPS is the first major step toward establishing a national electronic switch that integrates all market participants. Interoperability has been one of Liberia’s greatest challenges, especially for rural and underbanked communities. Mojaloop gives us a modern, open and secure infrastructure to drive change.”.

The project also highlights the growing capability of the Mojaloop community. ThitsaWorks, a Singapore-based partner, played a lead role in the implementation, demonstrating how domestic and regional partners are becoming primary implementors of the technology.

The official launch ceremony took place today at the Ministerial Complex in Congo Town, with His Excellency President Joseph Nyuma Boakai, Sr. delivering the keynote address. The event reaffirmed the Government of Liberia’s commitment to digital transformation under its ARREST Agenda.

The new system will eventually enable integration across Liberia’s nine commercial banks and connect with regional systems like the Pan-African Payment and Settlement System (PAPSS), laying the groundwork for broader financial resilience and innovation.

Author:

by The Fintech Times

El Banco Central de Liberia (CBL), en colaboración con la Fundación Mojaloop, ThitsaWorks y la Fundación AfricaNenda, ha lanzado el Sistema de Pagos Instantáneos Inclusivos de Liberia (IIPS). Esta nueva plataforma de pagos interoperable en tiempo real está diseñada para digitalizar la economí...