Orange continues to extend the international money transfer service for the benefit of its customers across the world. After Ivory Coast, Guinea, Madagascar and Mali, Burkina Faso and Morocco have also benefited from the international money transfer solution from France.
The Orange Money France app allows quick and simple transfers at any time of the day to Burkina Faso and Morocco.
To carry out a money transfer, the customer credits their account with a bank card or cash at a point of sale. They then log onto their Orange Money account directly from their mobile, by entering the Orange Money mobile number of the recipient in Burkina Faso or Morocco as well as the amount to transfer and confirm the transaction. The transfer is then completed, and the money is immediately available in the recipient’s account.
By encouraging the use of mobile money, Orange is helping to bring families closer and facilitating their mutual support as they can manage their money better while stimulating economic growth in these countries. Moreover, during the global health crisis that has affected the whole world, this service offers another way to protect against transmitting the virus as no cash changes hands.
According to Ben Cheick Haidara, Chairman of the Orange Money Burkina Faso Board of Directors, «The financial support sent by the diaspora to their families who stayed behind in the country, and their contribution to the economy is very important to our country. Having a simple, rapid and reliable solution like Orange Money, so that the beneficiary receives their money instantly, addresses a real need of our customers. Opening up international money transfers from France to Burkina Faso will cement the use of Orange Money in the daily lives of our population, alongside other existing services.”
Orange is present in 18 countries in Africa and the Middle East where it had 123 million customers on 31 March 2020. With 5.6 billion euros in turnover in 2019 and 6% annual growth. Furthermore, almost 30% of the Orange Group’s 4G customers reside in Africa and the Middle East.
Yves Gauthier, CEO of Orange Morocco, said: “By introducing international money transfer, we want to offer our customers an alternative to traditional means of receiving money across borders. From now on, their mobile phone allows them to receive money from their relatives living in France at a lower cost, instantaneously and securely.”
Christian Bombrun, Senior Vice President Products and Services, Orange France, said: “The health crisis we are going through has shown that mobile-to-mobile money transfer is a key benefit for our customers. Money transfer users in France have massively turned to Orange Money to instantly and securely send money to their loved ones in Mali, Ivory Coast, Madagascar and Guinea. The opening of two new corridors, in Burkina Faso and Morocco, is an important step in Orange’s development strategy worldwide.”