Co-Creation Hub in collaboration with Google and Mojaloop foundation has launched the Fintech Innovation Project in Rwanda on the 11th December 2021 to accelerate Rwanda’s digital transformation. This project is part of ongoing efforts to turn Rwanda into the Fintech hub for Africa with Mojaloop as the national payments switch for Rwanda. This project is in line with Rwanda’s ambition to drive inclusive economic development leveraging technology.
The project is positioned to upskill developers through Google’s developer training and community support programs. In addition, a fintech program for early-stage companies will be piloted. This pilot will start with different companies in collaboration with Kigali Innovation City and delivered by a Google for Startups partner.
Finally, a corporate innovation lab will be set up to facilitate the acceleration of e-commerce growth by supporting both Small and Medium Businesses to go online. Rwanda’s vibrant economy is an ideal launchpad for future innovation in Africa.
As a key player in the fintech space, the Fintech Innovation Project will be a unique opportunity to witness and discuss the revolutionary role the fintech industry is playing in Rwanda as well as future possibilities. Through the Mojaloop platform, the progressive policy framework will be supported and contribute to an open digital payment ecosystem.
Co-creation Hub (CcHUB) launched Nigeria’s first open living lab for technologists, entrepreneurs, tech companies, investors and hackers in 2010 to accelerate the application of social capital and technology for economic prosperity. The hub has since expanded to include an umbrella of pan-African innovation enablers that includes the CC Hub Design Lab in Rwanda iHub and eLimu in Kenya, Growth Capital by CcHUB and CcHUB Syndicate.
All CcHUB companies contribute to stimulating innovation and technology application towards achieving social impact across diverse sectors including education, public health, digital security and governance.
Google's mission is to organise the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
Mojaloop was designed to provide a reference model for payment interoperability that can be used to overcome barriers that have slowed the spread of digital financial services. Whole, adapted, or as a blueprint – the Mojaloop Foundation’s open-source software can be used by organizations to build interoperable, digital payment systems that enable seamless, affordable financial services between individual users, banks, government entities, merchants, mobile network operators, providers, and technology companies – connecting the underserved with the emerging digital economy.