Business

Orange Group launches Orange Bank to kill mobile money & simplify digital payments

Orange Group, with operations in Europe and Africa has today launched Orange Bank, its 100% mobile banking offer promising cutting-edge, digital and banking innovations including contactless mobile payments, sending money by SMS, instant bank balances, temporary freezing of the debit card and 24/7 access to a bank advisory service.

Set to be be available in mid-May in France for Orange employees and for the general public from 6 July 2017, Orange Bank will allow customers do bank transactions from the mobile application, online or in one of Orange’s 140 certified stores. Unlike mobile money services like Orange Money, Orange Bank comes with a bank account, a debit card, overdraft protection and an interest-bearing savings account with credit and insurance services launching soon.

Stéphane Richard, Chairman and Chief Executive Officer of Orange, commented: “With the commercial launch of Orange Bank for the general public on 6 July, we are writing an important new chapter in the Group’s history. From now on, Orange is also a bank. A bank that places customer experience at the heart of its business model. Orange Bank will build on the professional skills of its banking experts, the disruptive capability of its partnerships with start-ups and of course the traditional assets of Orange: its distribution network, its expertise in digital services as well as its financial strength. By bringing together these different sources of energy, we will be able to meet the expectations of our customers in a way that enables us to permanently adapt ourselves as their needs evolve.”
Interested parties may sign up on the www.orangebank.fr page to be contacted when the Orange Bank offer becomes available (website available in French only).

Designed for mobile phones with 100% of the transactions and interactions between the customer and Orange Bank done on over a mobile phone, Orange Bank offers all customers, for free, two completely independent payment methods. They can use the instant, secure mobile payment service, and of course all Orange Bank customers have a customisable debit card.

Orange Bank customers can track their payments in real-time and pay or send money via text messages

Orange Bank aims to have more than 2 million customers in France by end of next year. Orange Bank will replace Orange Money in Africa and the Middle East, and more recently Orange Finanse in Poland.

In Africa, Orange operates in Botswana, Burkina Faso, Cameroon, Ivory Coast, Egypt, Equatorial Guinea, Guinea-Bissau, Guinea Conakry, Liberia, Madagascar,  Mali,  Morocco, Mauritius (non-controlling equity interest), Niger,  Centrafrican Republic, Democratic Republic of the Congo, Senegal,  Sierra Leone,  Tunisia (non-Controlling equity interest) and Orange Business Services in South Africa.

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