Business
Digicel set to expand M-PESA mobile money model throughout the Caribbean
Digicel has recently entered into a financing deal that could see it well positioned to expand mobile banking technology through out the Caribbean.
In an announcement released by the Sillicon Valley based m-Via, a mobile banking firm, the Digicel Group was identified as the leader of a US$17 million financing round initiated by m-Via.
Following this successful fund raising, m-Via changed its name to Boom Financial and stated that this financing round now took its takings to more than US$30 million to-date.
The Digicel Group operates across 31 markets, including the Caribbean, Central America and the South Pacific.
The Boom™ mobile money service is the first to completely eliminate the need for traditional cash wire-transfer services, providing a safe, economical and easy way to send money.