Orange launches Orange Money in Morocco and confirms its position as a major player in mobile money in Africa and the Middle East
March 11, 2020
|Non-Orange customers can take advantage of the service by downloading the mobile application|
CASABLANCA, France, March 10, 2020/ — After securing approval last summer from the “Bank Al Maghrib”, Orange Morocco announces today the launch of Orange Money in the kingdom. This service will allow Moroccans to make mobile payments and transfer money using their phones. Morocco also becomes the 18th country in the Africa and Middle East region of Orange (www.Orange.com) to offer the Orange Money solution.
Orange Money, a secure and instant service
Orange Money offers every mobile user, regardless of their telecom operator, the option of having a mobile wallet backed by their phone number. The solution allows mobile phone users to carry out financial transactions, pay for phone recharges remotely or withdraw money from their Orange Money wallets at points of sale approved by Orange Money Maroc.
Non-Orange customers can take advantage of the service by downloading the mobile application.
Mobile money for financial and societal inclusion
Mobile money is revolutionising Africa’s economy. A key driver in the continent’s economic growth, Orange Money is a real vehicle for increasing the financial inclusion of populations and the digitalisation of the continent.
For the Group, the ambition is to go further and to offer more services with a seamless customer experience.
Orange Money Group growth engine
As one of the Group’s main growth drivers on the continent, the service is constantly evolving for the benefit of populations, companies, institutions and Governments.
Launched in 2008, the Orange Money mobile money solution allows millions of people excluded from the banking system to be able to deposit, withdraw, transfer and make payments easily and simply from their mobile phone, with complete security. 12 years on since its launch, Orange Money continues to record exponential growth. The service is now available in 18 countries. 45 million customers trust this solution and the amount of transactions carried out through Orange Money reached 2.6 billion euros in 2019.
Orange’s ambition is to make mobile money an essential means of payment and to become a leading player in mobile financial services in Africa and the Middle East including savings, credit and insurance in strict accordance with the banking regulations of the countries where it operates.
Orange (www.Orange.com) is one of the world’s leading telecommunications operators with sales of 42 billion euros in 2019 and 147,000 employees worldwide at 31 December 2019, including 87,000 employees in France. The Group has a total customer base of 266 million customers worldwide at 31 December 2019, including 207 million mobile customers and 21million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new “Engage 2025” strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.
* SOURCE Orange
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