Sharon Umunyana is at the forefront of Rwanda’s digital transformation, spearheading initiatives that aim to enhance financial inclusion and access to digital services across the nation.
As a technical project manager for the Rwanda Information Society Authority (RISA), she is instrumental in implementing the Mojaloop payment system, which promises to revolutionize how Rwandans engage with digital finance.
Key Takeaways
- Sharon Umunyana is a key figure in Rwanda’s digital transformation efforts.
- She leads the implementation of the Mojaloop payment system, enhancing financial inclusion.
- The project aims to provide digital financial services to unbanked populations.
- Mojaloop’s open-source technology allows for customization and cost-effectiveness.
The Role of Digital Public Infrastructure
Digital public infrastructure (DPI) is essential for modern economies, functioning like roads that connect people to services and opportunities.
In Rwanda, DPI is being developed to ensure that all citizens, especially the unbanked, can access financial services. This infrastructure is crucial for economic growth and social equity.
Mojaloop: A Game Changer for Rwanda
Mojaloop is an open-source software platform designed to facilitate digital payments. Umunyana’s team is working on one of the first national deployments of this system, which aims to:
- Reach Unbanked Populations: By providing a national payment switch, Mojaloop will enable financial transactions for those without bank accounts, particularly in rural areas.
- Reduce Dependency on Foreign Vendors: The system is designed to be owned and operated nationally, decreasing reliance on external payment providers.
- Enhance Customization: The open-source nature of Mojaloop allows for modifications tailored to local needs, ensuring that the system is user-friendly and effective.
Overcoming Challenges
Despite the advantages, Umunyana faces challenges, particularly skepticism surrounding open-source technology. Concerns about data privacy and security are prevalent, but she emphasizes that:
- All data will be hosted within Rwanda, complying with local laws.
- The system can be customized to protect user data effectively.
The Future of Financial Inclusion in Rwanda
Umunyana estimates that the Rwandan deployment of Mojaloop is 85% complete, with plans to go live before the end of 2024. This initiative is expected to:
- Empower Citizens: By providing access to digital financial services, individuals can engage more fully in the economy.
- Support Economic Growth: Increased financial inclusion can lead to broader economic benefits, lifting many out of poverty.
Conclusion
Sharon Umunyana’s work exemplifies the potential of digital public infrastructure to transform economies and improve lives.
As Rwanda moves towards a more inclusive digital future, her leadership in implementing Mojaloop will be pivotal in ensuring that all citizens can participate in the digital economy, regardless of their economic status.