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Haiti - Economy : Haiti Mobile Money Initiative, reaches the 5 Million Transaction Milestone
16/07/2012 19:32:11

 Haiti - Economy : Haiti Mobile Money Initiative, reaches the 5 Million Transaction Milestone
The Bill & Melinda Gates Foundation and the U.S. Agency for International Development (USAID) announced today that two of Haiti’s mobile network operators, Digicel (TchoTcho Mobile) and Voilà (T-Cash), will share a $3.2 million award from the Haiti Mobile Money Initiative (HMMI) for reaching the 5 million transaction milestone and meeting the award program’s requirements. This is the final award in the $10 million incentive fund that was initiated in June 2010.

The prize announcement was made on Tuesday July 10, 2012 during a ceremony at the Karibe Convention Center, Port-au-Prince, where several officials from the Government of Haiti, Kenneth Merten, U.S. Ambassador to Haiti, USAID Washington, and the Gates Foundation as well as NGOs, public and private sector representatives attended. Prime Minister Chief of Cabinet Salim Succar’s participation at the ceremony underlined the Government of Haiti’s interest in using mobile money to facilitate payment transactions, reduce reliance on cash and promote financial inclusion, particularly through several social projects such as "Aba Grangou" or "Ti Manman Cheri".

Ambassador Kenneth Merten, who presented the first award in June 2010, reiterated the U.S. Government’s commitment to supporting innovative solutions to promote financial inclusion and economic development in Haiti. "In the region, Haiti is at the mobile money development forefront" declared Ambassador Merten. "The Government of Haiti’s dynamism in the use of Information Communications and Technology allows us to believe in the sustainability of mobile financial services. Mobile financial services can contribute to the development of various key sectors such as agriculture, microfinance and commerce. All components of Haitian society are ready for the economic takeoff."

Rodger Voorhies, director of Financial Services for the Poor at the Bill & Melinda Gates Foundation declared "The Haiti Mobile Money Initiative has successfully contributed to spurring the launch of mobile money, and this progress is a significant accomplishment given the challenges faced on the ground in Haiti. In the next phase of the project, we will focus on supporting the financial services industry to develop an active and growing customer base with the ultimate goal of helping the people in Haiti build financial security and better lives."

Specifically over the next two years, HMMI activities will focus on helping mobile money services achieve sustainability via an expanded uptake in services and an increase in the number of active users. It will partner with the main eco-system actors to address the remaining challenges in key areas, including customer education, agent and merchant network expansion and product development technical assistance, grants, and market research are among the tools that HMMI will use to pursue these objectives.

Previous HMMI awards included: $2.5 million First to Market Award (Digicel); $1.5 million Second to Market Award (Voilà); $100,000 and $1 Million Scaling Awards (shared by Digicel and Voilà).

See also :
https://www.haitilibre.com/en/news-5810-haiti-social-tchotcho-mobile-and-t-cash-have-passed-the-one-million-transaction-milestone.html
https://www.haitilibre.com/en/news-4005-haiti-economy-voila-rewarded-for-its-mobile-money-service-t-cash.html
https://www.haitilibre.com/en/news-3539-haiti-technology-voila-awarded-for-its-mobile-payment-service-t-cash.html
https://www.haitilibre.com/en/news-2080-haiti-telecommunications-digicel-first-operator-of-mobile-payment-in-haiti.html
https://www.haitilibre.com/en/news-1208-haiti-technology-mobile-banking-services.html
https://www.haitilibre.com/en/news-1208-haiti-technology-mobile-banking-services.html
https://www.haitilibre.com/article-302-haiti-economie-10-millions-de-dollars-pour-trouver-une-solution.html (in french)

HL/ HaitiLibre

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