MoreMagic Solutions, a mobile commerce and financial services solutions provider, is the technology partner behind the first mobile money service in Haiti. Voilà and Unibank launched the service after a successful nine month pilot, which provided international relief and development agency, Mercy Corps, with a secure and cost effective way of distributing money across Haiti to support reconstruction efforts.
T-Cash, which uses MoreMagic Solutions’ mobile commerce and financial services (MCFS) technology platform, MCFS:Suite, brings the benefits of basic financial services to hundreds of thousands of people in Haiti for the first time. With T-Cash’s electronic wallet (e-wallet), Voilà customers can now make peer-to-peer money transfers, pay bills and receive payments. Funds received can be converted into cash, or used to purchase items such as food and shelter materials.
“We chose MoreMagic Solutions, a mobile commerce and financial services solution provider from Boston, to deliver this service for us,” said Robin Padberg, chief executive officer (CEO) of Voilà. “Their experience in other developing markets with mobile banking and their deep understanding of our needs, coupled with a very secure and yet flexible technology platform, enabled us to launch this service within two months of the earthquake last January as a pilot and go fully commercial after nine months.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
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