Telecommunications company, Orange Madagascar, is partnering with money transfer initiative company, MFS Africa, to launch an online money transfer service, reports Finextra. The partnership will enable customers to receive international remittances directly to their Orange Money accounts. Set up in 2010, Orange Money allows domestic transfers and currently serves around one million customers. The international remittance service will extend the benefits of Orange Money to the Malgache diaspora community in France and elsewhere. To use the service, international customers register on the website, proceed to pay with most major bank cards, and remit funds to Orange Money accounts in Madagascar. MFS Africa will provide and operate the web portal which is connected to the Orange Money platform in Madagascar.
"Our intention with Orange Money Transfer International is to lower the cost of sending money back to Madagascar while making it more convenient for both senders and receivers. We believe this ultimately benefits Madagascar Diaspora members and their families back home" said Jean-Luc Bohe, CEO of Orange Madagascar.