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Thursday, April 17, 2014

Orange Money reaches 10 million customers worldwide

The Orange Money service now has 10 million customers worldwide, less than six years after it launched and less than two years after passing the 5 million mark.

It’s currently available in 13 countries: Botswana, Cameroon, Côte d’Ivoire, Egypt (branded as ‘Mobicash’), Guinea, Jordan, Kenya, Madagascar, Mali, Mauritius, Niger, Senegal and Uganda. Last year, transactions worth over €2.2 billion (£1.8 billion) were conducted through Orange Money.

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Customers can use the service to send and receive money or pay for goods and services by mobile phone. They can also transfer money to or from a bank account.

Stéphane Richard, Chairman and Chief Executive Officer of Orange, said “Orange Money is a revolution in terms of customer experience, and the appeal of this service is the best proof that we made the right choice when we decided to offer mobile payment services in 2008. I am very proud to be in Dakar today to meet our 10 millionth Orange Money customer. While making a strong contribution to economic and social development, mobile financial services also represent a major growth engine in Africa and the Middle East as well as in Europe for Orange.”

Orange is currently responsible for 178 million mobile customers and 15 million fixed broadband customers worldwide.

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Author: The Fonecast
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Categories: Networks and operators, Applications, NewsNumber of views: 12063

Tags: orange banking payments africa

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