Business
Digicel Haiti relaunches mobile money platform as Mon Cash
Telecom giant Digicel has relaunched a money transfer system in Haiti designed to let people get easier access to cash through their cellphones.
Digicel said Tuesday that its rebranded “Mon Cash” service offers promise in Haiti – where only about 16 percent of the people have bank accounts. The relaunched effort has more vendors and a broader reach than a previous one called “TchoTcho”.
“Mon Cash has the potential to significantly improve the lives of Haitian people,” Digicel Haiti Chairman Maarten Boute said in a company statement.
The new mobile money product gives Haitian customers the ability to make domestic money transfers, pay bills and perform other basic transactions with their cellphones. People only need a valid government ID to register for free.
Mobile money-transfer systems are also popular in countries such as Kenya (where the concept originated), Uganda, India and the Philippines.
Digicel operates in 31 markets in the Caribbean, Central America and the South Pacific and has its headquarters in Jamaica.
Copyright 2015 The Associated Press