USD3.2m award for Haiti mobile money services upon reaching five million users

12 Jul 2012

The Bill & Melinda Gates Foundation and the US Agency for International Development (USAID) have awarded two Haitian mobile network operators, Digicel and Voila, a joint USD3.2 million sum from the Haiti Mobile Money Initiative (HMMI) for reaching the five million transaction milestone and meeting the award programme’s requirements. This represents the final award in a USD10 million incentive fund that was initiated in June 2010. Digicel’s TchoTcho Mobile and Voila’s T-Cash, along with their bank partners, Scotia Bank and Unibank respectively, have grown rapidly since their launch in Haiti in 2010. The services are expected to be integrated following Digicel’s recent agreement to take over Volia.