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Can Open APIs Accelerate the Digital Finance Ecosystem?

Safaricom announced it would finally open access to its M-PESA API in the summer of 2015.  What makes Safaricom’s announcement significant is the opportunity it presents for developers to build applications that use mobile money to facilitate payments for new types of services. An open API will likely spur more innovation in products and services using M-PESA as a payment platform. Read this analysis from CGAP for more information. 

CGAP is a global partnership of more than 30 leading development organizations that works to advance the lives of poor people through financial inclusion. Using action-oriented research, we test, learn and share knowledge intended to help build inclusive and responsible financial systems that move people out of poverty, protect their economic gains and advance broader development goals. We research and experiment to achieve proof of concept and extract lessons that can be built to scale by our partners, who apply our insights in the marketplace.

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