Orange and BANK OF AFRICA to Offer New Mobile Financial Services in Africa

According to a press release sent by the mobile operator, in the coming months, BANK OF AFRICA and Orange Money customers will be able to transfer money directly from their Orange Money account to their BOA account and vice versa simply with their mobile.

The operator, which relies heavily on emerging markets to generate revenues, has just announced a partnership aiming to further boost its mobile banking service on the African continent.

Orange customers will have the opportunity to carry out real-time banking operations, to transfer money, pay for goods and services (water, electricity, education, television bills, etc.) and purchase airtime credit without going to the bank or to the shop.

The large network of licensed Orange Money distributors will supplement the network of 450 BANK OF AFRICA branches, offering a maximum number of cash withdrawal points to the customers of the two companies.

“The partnership between Orange and BANK OF AFRICA illustrates Orange’s ambition to offer its customers high-quality services that are both easily accessible and easy to use. Our respective businesses complement each other making it easier for customers to manage their money using their mobile, wherever they are in the country and at any time of the day,” said Marc Rennard, Senior Executive Vice President, Africa, the Middle-East and Asia, Orange.

This new service, which is designed for both individuals and professionals, is already available in Madagascar since August and will be extended to Côte d’Ivoire, Mali, Senegal, Niger and the Democratic Republic of the Congo in the coming months. BOA Madagascar is the first bank in sub-Saharan Africa to launch this service with Orange.

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