Change Request: Currency conversion support in Mojaloop

[mjbrichards]

Open API for FSP Interoperability - Change Request

Table of Contents

• 1. Preface
  • 1.1 Change Request Information
  • 1.2 Document Version Information
• 2. Problem Description
  • 2.1 Background
  • 2.2 Current Behaviour
  • 2.3 Requested Behaviour
• 3 Proposed Solution Options

1. Preface

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This section contains basic information regarding the change request.

1.1 Change Request Information

Requested By	Michael Richards, ModusBox
Change Request Status	In review ☒ / Approved ☐ / Rejected ☐
Approved/Rejected Date

1.2 Document Version Information

Version	Date	Author	Change Description
1.0	2021-06-15	Michael Richards	Initial statement.

2. Problem Description

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2.1 Background

There has been discussion for some time in the Mojaloop community about how to manage currency conversion as part of funds transfers. A version of this has been implemented by Mowali, but this has operational drawbacks which have prompted a search for a simpler and more robust alternative. Following discussions with interested parties, an initial statement of a proposed solution has been created and is attached to this document.

This solution (like any solution to the problem of currency conversion) will require some changes to the FSPIOP API, and these are described in Section 6.1 of the attached document. It is proposed that the required changes should be non-breaking, but this is a matter for review.

2.2 Current Behaviour

The API does not support currency conversion at present.

Explain how you would like the API to behave.

The attached document explains the proposed behaviour

3. Proposed Solution Options

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API Candidate for currency conversion support in Mojaloop.docx