Tcho Tcho Mobile - Haiti Observer Blog

Mobile banking has played an important role in rebuilding after the earthquake. Called the 'mobile wallet' the Haiti Mobile Money Initiative (HMMI) got its jumpstart in June 2010. Though it was initially met with distrust by some who had trouble investing in a purely electronic system it soon caught on with the more than 85% of mobile users in Haiti after the temporary but immobilizing devastation of many traditional banks. Fast forward a few years and Haiti is leading in mobile phone payments in the region.

The mobile banking services include deposits, withdrawals, enumerated records of accounts and funds transfers all done over phone. And the statistics given from one service, TchoTcho Mobile, made available by Scotiabank, Digicel and YellowPepper show 6 million transactions for 2011 alone. Other mobile wallet providers show promising gains as well. Voila, through Mercy Corps, has served over 6,000 Haitians living in rural communities.

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I just learned that Digicel has launched its new mobile phone.

Tcho Tcho mobile is the name of the new mobile phone service introduced to the Haitian population.

This service is expected to make the lives of many Haitians very easy. Soon your new Tcho Tcho Mobile bank will allow you to conduct many banking activities fast, conveniently and safely. the services include: deposits, cash withdrawals and transfers.

All these banking services will be a click away from your cell phone. Tcho Tcho Mobile is intended to provide its services to up to 20,000 users during the initial first three months and will eventually increase its capability to serve the entire Haitian population very shortly.

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