Rwandan finance expert Jean-Bosco Iyacu has been appointed Chief Executive Officer of the Mojaloop Foundation, a non-profit organisation focused on developing open-source digital payment infrastructure, on April 22. He will assume the role on June 1, succeeding Paula Hunter, who is set to retire. ALSO READ: Access to Finance Rwanda CEO on enhancing financial inclusion with data analytics Until his appointment, he was the Chief Executive Officer of Access to Finance Rwanda (AFR). Iyacu currently chairs the Financial Sector Deepening (FSD) Network Council, which coordinates financial sector development initiatives across nine African countries. ALSO READ: Private SACCOs turn to digital platforms to plug financial leaks He also serves on the Consultative Group to Assist the Poor (CGAP) FinEquity Technical Advisory Committee, which focuses on financial inclusion issues, including gender considerations. His new assignment In his new role, he is expected to oversee the scaling of Mojaloop’s systems across different markets, working with governments, central banks and financial service providers. His responsibilities will also include strengthening the organisation’s long-term operational sustainability and supporting the expansion of its deployments globally. Iyacu said that inclusive finance remains a major global challenge and opportunity, noting that Mojaloop has demonstrated the potential of interoperable infrastructure in transforming financial systems. “I look forward to working with partners to expand access to digital financial services and support the organisation’s long-term direction,” he said in a press statement. Mojaloop Foundation Chairperson Kosta Peric said Iyacu’s appointment comes at a time when the organisation is expanding its global work. The Mojaloop Foundation, established with support from the Gates Foundation, works on interoperable payment systems designed to enable faster and more accessible digital financial transactions, particularly in markets where a large share of the population remains unbanked or underbanked.
