GSMA Mobile Money APIs: Making integration easier for the mobile money ecosystem (closed door)
In 2016, the GSMA led an industry initiative with mobile money providers, platform providers and third-party stakeholders to publish a first set of harmonised mobile money APIs. The mobile money APIs streamline partnering with the mobile money industry as a whole (instead of relying on bespoke integrations with individual providers) and offer advanced and secure functionality for users. They allow businesses to take advantage of new opportunities to leverage mobile money as a tool for enterprise and retail payments, in turn, unleashing innovative new products and services, further accelerating the digital financial ecosystem.
Adoption of the mobile money APIs has now taken place in Africa, Latin America and South Asia with mobile network operators, platform vendors and third party service providers. This expanding footprint is an indication of industry-wide collaboration and commitment to embracing new technologies and increasing financial inclusion. This session provides the opportunity to share with participants progress on adoption of mobile money APIs including opportunities and impact on the digital financial ecosystem.