Orange and NSIA Launch Orange Bank Africa For Greater Financial Services in West Africa

Orange and NSIA Launch Orange Bank Africa For Greater Financial Services in West Africa

Major telecoms provider in Africa and the Middle East, Orange, and NSIA a leader of bancassurance, have announced the launch of Orange Bank Africa in Abidjan and Côte d’Ivoire. Orange Bank Africa is set to offer clients a range of simple savings and credit services available at all times via mobile phone.

When it launches, Orange Bank Africa via its Orange Money service will offer a range of savings and microcredit services, allowing customers to borrow as little as 5,000 CFA francs instantly using their mobile phone.

Orange’s mobile financial services strategy in Africa aims to offer solutions accessible to the broadest population regardless of their income or where they live. Orange Bank Africa intends to become a leader in ensuring financial inclusion in West Africa.

Orange Chairman and CEO, Stéphane Richard, explains, “New technology is needed to strengthen financial inclusion and support economic development, as proven by mobile money over the past few years. 

Banking is a new area of business for Orange in Africa. It falls squarely in line with our strategy as a multi-service operator and our desire to drive the digital transformation forward in Africa. Based on our association with NSIA, also a leader on the market in Africa, we provide easy access to bank services for as many people as possible, with simple and essential services that benefit all our clients.”

Having played an essential part in financial transactions for several years now, Orange Money and digital services became even more critical and more rapidly adopted by users during the health crisis. 

With this in mind, Orange believes that mobile banking has a vital role to play in Africa. It is the very essence of Orange’s purpose of providing everyone with the keys to a responsible digital world.

About Post Author