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Introducing Haiti's First Mobile Wallet

YMercyCorps INTRODUCING HAITI'S FIRST 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 MOBILE WALLET HOW IT WORKS to financial services for the first time. 1 ACCOUNT ACTIVATION 2) PΑΥΜΕΝT 3 OPTIONS Marie, a Mercy Corps program participant, types in a code to activate her Mercy Corps sends Marie an electronic payment. Now Marie has the option to: make purchases deposit money • withdraw money transfer money account and receives a YOU HAVE RECEIVED A message with her PIN. If her cellphone is lost or stolen, the PIN protects her account. MERCY CORPS PAYMENT OF $200 FROM MERCY CORPS • store money safely 4 PURCHASE $15 please 123* PIN 50322201 20* 15# Marie types in the code for "make a purchase" (123), her PIN, the vendor's phone number, and the amount of her bill. 2424 Marie instantly receives a message with a unique transaction ID. She tells it ::: to the merchant. 0 00 The merchant types in the code for "accept a purchase" (987), his PIN, the transaction ID, and the amount. *987* PIN 2424 15# Thanks! Bye! In seconds, both Marie and the merchant receive YOU HAVE PAID #### $15 INA ACCT #### HAS PAID YOU $15 IN A COMMERCIAL messages confirming the transfer of funds. COMMERCIAL TRANSACTION. YOUR BALANCE IS $185 TRANSACTION 0 00

Introducing Haiti's First Mobile Wallet

shared by rmmojado on Mar 23
Toting your money around on a cell phone might sound scary, but for many Haitians it’s more secure than carrying around a wallet, which isn’t protected by a PIN. The handy infographic shows how a ...




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