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September 18, 2014updated 04 Apr 2017 4:05pm

Orange, Bank of Africa to offer new mobile financial services in Africa

Telecommunications operator Orange has extended its partnership with the Bank of Africa (BOA) to offer new mobile financial services in Africa.

By Verdict Staff

Telecommunications operator Orange has extended its partnership with the Bank of Africa (BOA) to offer new mobile financial services in Africa.

Under the partnership, the customers of both Orange and BOA will be able to transfer money directly from their Orange Money account to their BOA account and vice versa with their mobile.

The partnership allows the Orange customers to carry out safe and real-time banking operations, to transfer money, pay for goods and services and purchase airtime credit without going to the bank or to the shop.

Marc Rennard, senior executive vice president, Africa, the Middle-East and Asia at Orange, said: "The partnership between Orange and Bank of Africa illustrates Orange’s ambition to offer its customers high-quality services that are both easily accessible and easy to use.

"Our respective businesses complement each other making it easier for customers to manage their money using their mobile, wherever they are in the country and at any time of the day."

Designed for both individuals and professionals, the new service is already available in Madagascar since August and will be extended to Côte d’Ivoire, Mali, Senegal, Niger and the Democratic Republic of the Congo in the future.

BOA Madagascar is the first bank in sub-Saharan Africa to launch this service with Orange.

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