Mobile Money in Haiti by Bill & Melinda Gates Foundation, a Success

The Haiti Mobile Money Initiative organized by the Gates Foundation has recently reached a five-million worth of transactions. This resulted in Digicel and Voila, two of the country's mobile network companies, sharing an award worth 3.2 million dollars for this milestone, which marks the final award of the initiative's ten-million-dollar incentive fund. The growing success of mobile money assists Haitians with a more practical and easier way through their mobile phones in taking care of monetary transactions as ninety percent of them do not have bank accounts. Aside from the HMMI, the government has launched two projects involving mobile money called "Aba Grangou" and "Ti Manman Cheri". The "Ti Manman Cheri", otherwise known as "Dear Little Mother", aims to help Haitian youth that are facing extreme poverty.

In a few years time, the Haitian government and the involved institutions predict a double increase in mobile phone users because of the promising advantages of mobile money technology. This technology has proven to be a sustainable business and livelihood not only for mobile network operators, but most especially for users in Haiti belonging to the lower half of the society.

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Read more: Digicel, economy, Technology, Foundation, Mobile Money, Melinda Gates Foundation, Bill Gates, Melinda Gates, Voila, USAID, Aba Grangou, Ti Manman Cheri, Finance

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