Today we announced that Digicel, Haiti’s leading cell phone company, won a $2.5 million prize for helping to make mobile money a reality in Haiti. Digicel’s service, Tcho Tcho Mobile (which is slang for money in Creole), is offering Haitians an alternative to long and costly trips to pick up money sent by friends and family, waiting in long queues for salaries, or the insecurity of carrying cash. Haitians can now send, receive, and store money through their mobile phones without traveling to overcrowded banks or money transfer houses.
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