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Digicel poised to expand mobile banking to the Caribbean

Caribbean369

Thursday, July 19, 2012 - 12:17

Already the fastest growing telecommunications major in the Caribbean, Digicel has recently entered into a financing deal that could see it well positioned to expand mobile banking technology across this region.

Already the fastest growing telecommunications major in the Caribbean, Digicel has recently entered into a financing deal that could see it well positioned to expand mobile banking technology across this region. 

In an announcement released by the Sillicon Valley based m-Via, a mobile banking firm which touts itself as the company that revolutionized how immigrant and unbanked families save and share their wealth, the Digicel Group was identified as the leader of a US$17 million financing round initiated by m-Via.

Following this successful fund raising, m-Via changed its name to Boom Financial and stated that this financing round now took its takings to more than US$30 million to-date, which would be used to expand its product team in the United States, as well as to increase sales channels and distribution in the US, Latin America, and the Caribbean.

In commenting on the latest investment by the Bermuda-based telecommunications giant, Colm Delves, chief executive officer of Digicel Group said: “Digicel believes in providing the best value to our customers.
Read the full story by clicking the link below
http://www.caribbean360.com/index.php/business/598635.html#axzz215aOnJR7
 
Tags: Mobile Banking, Americas, Mobile Money, Mobile Money Transfers, Caribbean, Digicel, Boom

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