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January 20, 2014updated 04 Apr 2017 4:09pm

Banco Popular and Orange launch m-payments for Dominican Republic

One of the Dominican Republic's biggest banks, Banco Popular, and network provider Orange Dominicana have launched a mobile payment called "Orange M-peso".

By Ellie Chambers

One of the Dominican Republic’s biggest banks, Banco Popular, and network provider Orange Dominicana have launched a mobile payment called "Orange M-peso".

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As its name suggests, Orange M-peso mimics the highly successful M-pesa by allowing customers to make money transfers directly from their mobile phones.

M-peso users will have a virtual prepaid account with Banco Popular, which is linked to their Orange mobile number.

The service can be used by those with feature phones or smartphones and can be activated free of charge by Orange customers.

Customers can deposit and draw out money at Orange stores and will also soon be able to withdraw money from Banco Popular ATMs.

Customers can also send money to other users of Orange M-peso, make mobile account top-ups and pay Orange bills from their mobile phones.

Orange, France’s biggest network provider, is currently in the process of selling its Dominican arm to Altice, a telecoms investor.

The French telco agreed to sell Orange Dominicana for $1.4bn.

 

Related articles:

Citi launch new m-banking solution

Wells Fargo targets LatAm remittances

Vodafone to provide mobile money service in Goa

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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