Secure, Interoperable and Global Mobile Money in sub-Saharan Africa

SCHEME: PATHFINDER

CALL: 2018

DOMAIN: IS - Information and Communication Technologies

FIRST NAME: Tegawendé François d'Assise

LAST NAME: Bissyandé

INDUSTRY PARTNERSHIP / PPP: No

INDUSTRY / PPP PARTNER:

HOST INSTITUTION: University of Luxembourg

KEYWORDS: Mobile money, digital fiat, Africa, Blockchain

START: 2019-01-01

END: 2019-12-31

WEBSITE: https://www.uni.lu

Submitted Abstract

Digitization of payments, transfers, and remittances is key to transparent and inclusive economic growth in low income countries, as it will increase customer convenience, reduce transaction costs substantially, and minimize the need for unaffordable physical infrastructure (e.g., local bank branches). SIGMMA aims at contributing to facilitate financial inclusion in sub-Saharan Africa where we propose an approach to shift from the largely adopted SMS/USSD-based mobile money to a more transparent, interoperable, secure, open and rich Mobile Money Infrastructure backed by the blockchain technology stack. We expect SIGMMA to be a disruptive solution for cashless payments for unbanked populations, where interoperability and openness will democratize and drive a long-awaited era of innovation in digital services.

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