requirements and expectations of consumers, particularly those who are Under-banked or Unbanked.

This convergence, when combined with the affordability and penetration of mobile phones, particularly smart phones, is resulting in distribution and growth in the following segments of the global mobile commerce and Alternative Payments market in which HaitiPay operates:

· Remittances and purposeful remittances · Mobile money and digital wallets · Agency banking and alternative financial services · Voucher management and electronic value distribution

This is HaitiPay’s marketplace. And, though telecom operators see an advantage in their existing mobile user client base, HaitiPay’s management believes that Mobile Financial Services (MFS) is a different domain than telecommunications. Considering the confidence gap towards the Telco Operators, HaitiPay believes that a bank lead approach can be as successul in the MFS marketplace as a service launched by a dominant Telco player.

HaitiPay with its universal MFS platform that is agnostic to all telco operators and to all types of telephone, is well-positioned to take advantage of the opportunities within the marketplace.