Friday, January 14, 2011

$2.5 Million Prize!

In an effort to rebuild the third of the banks lost in the devastating 2010 earthquake in Haiti, The Haitian Mobile Money Initiative is giving away a 2.5 million dollar award to the first person to start up a mobile money service. The HMMI joined forces with the Bill and Melinda Gates Foundation and The U.S. Agency for International Development to make this opportunity possible.

Today Digicel from Haiti won the $2.5 million!! Mobile money will allow Haitians to access their bank accounts, make deposits, withdrawals, and transfer money from their mobile phones. The increase of money services in Haiti will encourage saving, investing and financial productivity. It will also create a more stable and secure country encouraging investment with in Haiti.

-Teal Peterson