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Introducing Haiti's first mobile wallet

Haiti, December 29, 2010

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Mercy Corps has teamed up with mobile operator Voilà and Haitian bank Unibank to introduce Haiti's first "mobile wallet," a cellphone account that can store savings and work like a debit card. Mobile banking — which has already taken off in Kenya — has great potential in Haiti, as few Haitians have bank accounts, but 85 percent have access to a cellphone.

Mercy Corps is helping drive the technology's development and adoption by using it to deliver cash assistance to earthquake-affected families so that millions of unbanked Haitians can gain access to financial services for the first time.

You can click here to download an illustration of how it works.