{"id":22276,"date":"2025-11-13T16:19:15","date_gmt":"2025-11-13T16:19:15","guid":{"rendered":"https:\/\/www.finnosummit.com\/?p=22276"},"modified":"2025-11-13T16:19:26","modified_gmt":"2025-11-13T16:19:26","slug":"global-talent-gathers-in-mexico-to-hack-the-future-of-payments","status":"publish","type":"post","link":"https:\/\/www.finnosummit.com\/en\/global-talent-gathers-in-mexico-to-hack-the-future-of-payments\/","title":{"rendered":"Global Talent Gathers in Mexico to Hack the Future of Payments"},"content":{"rendered":"\n
Last weekend, Inspark Mexico City<\/strong> became the most relevant execution laboratory for the country’s financial future.<\/p>\n\n\n\n Over 170 leaders and developers gathered with a single mission for more than 24 hours: to translate the problem of complexity and high transactional cost into functional lines of code.<\/p>\n\n\n\n The collaboration between the Interledger Foundation<\/strong> and Finnosummit<\/strong> demonstrated that the system’s barrier can be dismantled by open payments engineering.<\/p>\n\n\n\n The Hackathon attacked the most painful digital friction<\/strong>: the high cost of sending and receiving money, the slowness of remittances, and the high commissions on every transaction.<\/p>\n\n\n\n Our recognition goes out to all participants for their technical rigor and commitment to the ecosystem. You are proof that the best software is what generates a direct benefit for people.<\/p>\n\n\n\n First Place: Los VibeCoders (Amado, Angel, Oliver, and Ronaldo)<\/strong> Execution: Global B2B and Remittance Management.<\/strong> The team focused on the core of international commerce. Their SaaS platform uses the Interledger Protocol (ILP)<\/strong> for simultaneous cross-border payments\u2014payroll and suppliers\u2014demonstrating instantaneous and low-cost efficiency in the supply chain.<\/p>\n\n\n\n Second Place: Haki-ando (Diana, Iddar, and Miguel)<\/strong> Purpose: Accessibility and Security.<\/strong> This team tackled real inclusion. Their project Pagos<\/em> converts biometric identity (face\/voice)<\/strong> into the payment method to offer a more dignified and secure solution for people with motor disabilities.<\/p>\n\n\n\n The difference between sending an email or a photo from Mexico City to the U.S. (milliseconds and zero cost) and moving $100 dollars (days and up to a 10% commission) is one of the central paradoxes<\/strong> the Hackathon addressed.<\/p>\n\n\n\n The reason is simple: while the Internet runs on open protocols that guarantee interoperability, money remains trapped in closed and costly systems.<\/p>\n\n\n\n With the Interledger Protocol (ILP)<\/strong>, which “packages” payments as data, Mexican developers demonstrated that we are ever closer to making this vision a reality:<\/p>\n\n\n\n Inclusion:<\/strong> The work by Haki-ando and Team Kanzu brings closer the promise that a street vendor in Oaxaca can accept payments from any digital wallet, or that a migrant in Chicago can send pesos to their family instantly for just a few cents.<\/p>\n\n\n\n “Imagine if moving money were as easy as sending an email between smartphones.”<\/strong> Mexican talent has proven that this is not just a vision, but a functional roadmap.<\/p>\n\n\n\n Our mission does not stop: We will continue to champion entrepreneurs and financial solutions that create a better society. Mexican talent built prototypes that bring interoperability to measurable, real-world use cases across the region.<\/p>\n\n\n\n Last weekend, Inspark Mexico City became the most relevant execution laboratory for the country’s financial future. Over 170 leaders and developers gathered with a single mission [\u2026]<\/span><\/p>\n","protected":false},"author":7,"featured_media":22280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[1009,1010,1011,1007,1014],"tags":[1284,1026,1154,1044,1271,1285,1028,1286],"class_list":["post-22276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ecosystem","category-events","category-fintech-en","category-news","category-startups-en","tag-banks-2","tag-fintech-en-2","tag-informe-en-2","tag-innovation-en-2","tag-open-payments-2","tag-payments-2","tag-startups-en-2","tag-technology-2"],"acf":[],"yoast_head":"\n
<\/figure>\n\n\n\nRecognition of Technical and Human Rigor<\/h3>\n\n\n\n
The Vision of the Future: Closer than Ever to the “Internet of Opportunity”<\/h3>\n\n\n\n
<\/figure>\n","protected":false},"excerpt":{"rendered":"