Bill & Melinda Gates Foundation and USAID Launch Mobile Banking Initiative in Haiti
This success story discusses the Mobile Banking Initiative, a partnership between the Bill & Melinda Gates Foundation and USAID to address the lack of access to financial services for Haitians. Announced on June 8, 2010, the initiative is a $10 million fund created to encourage financial services by mobile phones to expedite the delivery of cash assistance to victims of the earthquake.