Orange is launching a quick and easy international money transfer service at a competitive price called “Orange Money International Transfer”. The offer is available between Mali, Senegal and Cote d’Ivoire.
Every year, 200 million euros are moved between those three countries in the form of money transfers. With the new service, Orange meets the needs of the growing number of Orange Money customers.
Orange Money International Transfer allows money to be sent and received from one’s mobile phone with complete security. Users no longer need to have cash with them when they travel, and sending cash doesn’t have to be done by a third party.
“In launching Orange Money International Transfer today, several months of work to simplify life for our customers come to fruition. We are proud to be the first operator to offer customers the ability to make international money transfers between mobile phones in this area of Western Africa,” says Thierry Millet, Director of the strategic NFC and payment program at Orange.
Orange’s goal is to expand this first-of-a-kind service in Africa to other countries in which the Group is present. Available in 13 countries in Africa and the Middle East, Orange Money has more than 7 million customers today.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.