History
People's Clearinghouse emerged legally during 2022, as a collective platform to provide the social financial sector with a payment system between mobile devices that would be truly adapted to the strategic needs of the sector.
In recent years, People's Clearinghouse has received strategic support, in particular from the Interledger Foundation, which promotes digital financial inclusion and technological innovation on the basis of open source developments.
Team
Behind the People's Clearinghouse, there are several key institutions, such as the Mexican Association of Social Sector Credit Unions (AMUCSS), and various Savings Coops.
AMUCSS leads a network of 140 community banks throughout Mexico, covering 34 indigenous languages, and in which 60% of end clients are women from marginalized regions.
People's Clearinghouse is directed and advised by experts from the popular financial sector, with extensive experience in social finances, remittances, payment systems and social justice. We invite you to join this great project for real financial inclusion.
Mission
To change the lives of millions of people living in communities, through digital financial inclusion, access to account-deposited remittances and fair credit services.
In particular, every remittance deposited in a savings account (and not cash) at a community bank or savings cooperative (and not a commercial bank) empowers the community and can have a massive social impact.
How? More remittances on account imply a greater volume of savings and investment, which leads to more credits for local productive projects, which leads to more jobs and regional opportunities, which leads to less inequality, since the entire community benefits, not just those who receive remittances.