This workstream is focused on supporting domestic and cross-border merchant transactions through the adoption of the international LEI identifier. This workstream is a collaboration between the Mojaloop Foundation and GLEIF, and is intended to culminate in a pilot, in cooperation with a Mojaloop adopter.
Business Justification
Collaboration with GLEIF has strategic advantages for the Mojaloop Foundation, since GLEIF has the backing of the financial sector's "establishment" - the FSB and the G20.
It also helps our credibility in cross-border merchant payments, and complements our work in ISO 20022 by helping introduce LEIs into the Mojaloop ecosystem.
Contributors
Workstream Lead
Contributors
Clare Rowley
Ololade Osunsanya
Michael Richards
Paul Makin
Shuchita Prakash
Sam Kummary
James Bush
Xiaodi Wang
Latest Update (Summary)
Documentation is currently the primary focus. The workstream is integrating LEI-related process flows into the Introduction to Mojaloop document, and preparing to collaborate with the ISO 20022 workstream on additional message examples, especially a P2B use case featuring LEI as a beneficiary identifier. Broader questions around applying LEIs to DFSP identities have been deferred due to complexity and regulatory implications.
Applicability
This version of this document relates to Mojaloop Version 17.1.0
