Browsed by
Tag: Foundation

Global Organizations Join the Mojaloop Foundation to Advance Financial Inclusion

Global Organizations Join the Mojaloop Foundation to Advance Financial Inclusion

PhonePe and Ripple Join the Ranks of Fellow Philanthropic and Technology Sponsor Members Coil, Bill & Melinda Gates Foundation, Google, ModusBox, Omidyar Network, and The Rockefeller Foundation

The Mojaloop Foundation today announced that India’s leading digital payments platform PhonePe and enterprise blockchain solution provider Ripple have joined as Sponsor members, the highest level of the organization. In their role as Sponsor members, they will join the Mojaloop Foundation Board of Directors and help provide the strategic vision, governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source software and development community.

The Mojaloop Foundation also welcomed new Promoter members to support the advancement of Mojaloop, including: Giori Digital SA, a Swiss company providing central banks with a unique digital banknote form of retail Central Bank Digital Currency (CBDC) to drive greater access to safe currency for the underserved; and Sybrin, a leading global provider of payment solutions, financial services solutions, and a low-code development platform for digital transformation.

To achieve universal financial inclusion, digital financial services need to be affordable and accessible to all. Despite mobile money services emerging in nearly 100 countries, 1.7 billion people still lack access to digital financial services, according to the World Bank’s Global Findex. Many payment providers struggle with the high cost of creating no-fee or low-fee, cross border payment systems that interoperate with others. The Mojaloop Foundation’s newest members will support the advancement of Mojaloop as a public good, enabling different types of digital financial service providers – large and small – to use the open source blueprint to help lower the cost and technical hurdles involved in creating interoperable payment models that serve all.

“Mojaloop Foundation’s financial inclusion mission has resonated loudly with many organizations. We are very pleased to welcome our newest members, including PhonePe

Read the rest
Local entrepreneur, Smith Family Foundation and NJM Insurance Group to be recognized by NonProfitConnect

Local entrepreneur, Smith Family Foundation and NJM Insurance Group to be recognized by NonProfitConnect

Liz Erickson Impact Award honoree Joanne Canady-Brown, Community Award honoree Smith Family Foundation and Corporate Award honoree NJM Insurance Group have been selected as this year’s Impact Awards recipients for their commitment to community service.

The Impact Awards are given every year by NonProfitConnect, a Mercer County–based nonprofit that seeks to build “an increasingly diverse, skilled, and engaged group of nonprofit board and staff leaders.”

The honorees will be celebrated at NonProfitConnect’s Annual Impact Awards event on Oct. 29, starting at 5:30 p.m.

“As an organization committed to building nonprofit capacity, we are eager to recognize and honor individuals and organizations in our community that are engaging fellow community members and giving of themselves,” said Allison Howe, NonProfitConnect’s executive director. “As we face unprecedented challenges, it is inspiring to see local companies and leaders rallying resources to keep our nonprofits supported.”

Joanne Canady-Brown is being recognized with the Liz Erickson Impact Award, named for the late Elizabeth Erickson, a champion for Princeton-area community service.

Canady-Brown, the owner of local bakery The Gingered Peach, has been intimately involved in the Mercer County community. She has used sales of her tasty baked goods to raise several thousand dollars for multiple nonprofits including activating her “Dazzle Doughnuts” to support Young Audiences, a nonprofit supporting arts programs for children to her “Blackout Cookies” which boast a delightful mix of black and white swirls to fund I Am Trenton, a nonprofit supporting Trenton community projects.

During the pandemic, she continued her partnership with TASK to bring potato rolls to food insecure residents and provided trays of pastries to hospital providers who had not received other appreciation.

The Community Award, which recognizes a nonprofit that is making a significant impact will go to the Smith Family Foundation this year.

Founded in 2016, its mission is to

Read the rest