Orange Telecom and Ecobank partner for a new mobile banking service
A new mobile money transfer service, born of a partnership between Orange Telecom and Ecobank, is about to launch in Cameroon, Côte d'Ivoire, Guinea Conakry, Niger, Senegal and the Democratic Republic of the Congo.A new mobile money transfer service, born of a partnership between Orange Telecom and Ecobank, is about to launch in Cameroon, Côte d'Ivoire, Guinea, Niger, Senegal and the Democratic Republic of the Congo.
It is already available in Mali.
Thanks to this offer, any inhabitant of these countries owning both an Orange Telecom mobile phone and an Ecobank account will be able to use his phone to carry out money transfers.
Orange Telecom believes this new service is the best chance, for many sub-Saharan populations, to gain access to finance. Indeed, at the moment, only 25 per cent of the region inhabitants have a bank account but 60 per cent own a mobile phone.
Laurent Paillassot, deputy chief executive officer of Orange in charge of customer experience and mobile banking, said: "This partnership between Orange and Ecobank will further enrich customer experience. By facilitating exchanges between Ecobank and Orange Money accounts, our customers will be able to conduct financial transactions quickly and in complete security."
Patrick Akinwuntan, Ecobank
group executive in charge of domestic banking, added: "This roll-out further demonstrates Ecobank's commitment to make branchless banking a reality by activating multiple service channels."