Trust and Tradition: A Deep Dive into ROSCAs and Digital Financial Solutions

In this episode of the Interledger Salon, Andria Barrett hosts a discussion on ROSCAs (Rotating Savings and Credit Associations) and their impact on financial inclusion. Joined by Philip Cargill and Abdul Andan, the conversation explores personal experiences with ROSCAs, the importance of trust, the potential for digital transformation, and the role of technology in making these traditional financial systems more accessible globally. The guests share their journeys from Jamaica and Nigeria to Canada, highlighting projects like Abdul’s Chit Link app which aims to modernize ROSCA practices while maintaining trust and transparency. The episode delves into the challenges and opportunities of integrating ROSCAs into the wider financial system, emphasizing their role in creating a more equitable financial future.