News, Posts & Articles

Aug 6, 2019: Mondato Article quoting Nick Brown

Mojaloop: Taking Stock

Mondato just published an article about the current status of Mojaloop: https://blog.mondato.com/mojaloop-taking-stock/

An interesting line of theirs: "the open source nature of Mojaloop sends shivers down the spine."

It seems that others are starting to understand the unique challenges of the payment interoperability industry, realizing the devastation that could result from a major fraud attack, and then becoming aware of some of the payment security deficiencies with Mojaloop, developed by the Gates Foundation.

Our understanding is Orange and MTN in Africa are utilizing Mojaloop for their interoperable payment hub Mowali. Our hope is they heed the warnings and engage a solid expert in this industry before they switch it on in production.

Nick Brown is quoted in this article.