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Digicel to Reach Mobile Banking Goal Set by the Haiti Mobile Money Initiative

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Pan Caribbean mobile network, Digicel says that it will be the first operator in Haiti to reach the goal of 10,000 mobile banking transactions as set by the Haiti Mobile Money Initiative. The Haiti Mobile Money Initiative is a partnership between USAID and the Bill and Melinda Gates Foundation and is implemented by HIFIVE, a USAID project.

Since TchoTcho Mobile's launch in November -- just days after obtaining final regulatory approval from telecoms regulator, CONATEL, and the Central Bank of Haiti -- thousands of customers have used this innovative service for transactions such as cash deposits, withdrawals and transfers to other TchoTcho Mobile subscribers.

Digicel Haiti CEO, Maarten Boute, comments; "TchoTcho Mobile is changing the way Haitians live and make transactions. There is massive interest in -- and enthusiasm for -- our product right across Haiti. We're proud to be the first provider to achieve the goal of 10,000 transactions as set by the Haiti Mobile Money Initiative.

He continues; "Feedback from TchoTcho Mobile users is that they are very satisfied with the quality of the service and delighted with how fast, secure and user-friendly it is. As Digicel has over 2.4 million subscribers, the widest coverage with over 95% population coverage and the largest retail network in Haiti, TchoTcho Mobile will soon become an essential service to the Haitian people. We are also delighted to have partnered with Scotiabank, which, as one of the foremost banks in the world, has an impeccable track record."

Initiatives such as payroll for manufacturing jobs and "cash-for-work" programmes -- as well as community meetings in Port-au-Prince and the provinces -- have made it possible for Scotiabank, the largest commercial bank in the Caribbean with over 2 million customers and Digicel to reach the Haiti Mobile Money Initiative goal in just three weeks.

TchoTcho Mobile allows users to conduct banking transactions via their Digicel mobile phones and is currently available across 150 TchoTcho Mobile agents nationwide.

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Tags: digicel  mobile banking  mobile money  gates foundation  coverage  usaid  caribbean  Haiti