Major player in mobile money in Africa and the Middle East Orange launches Orange Money in Morocco

In a statement to TODAY NEWS AFRICA in Washington D.C., the company said Orange Money offers every mobile user, regardless of their telecom operator, the option of having a mobile wallet backed by their phone number.

After securing approval last summer from the “Bank Al Maghrib”, Orange Morocco announced on Tuesday the launch of Orange Money in the kingdom to allow Moroccans make mobile payments and transfer money using their phones.

Morocco becomes the 18th country in the Africa and Middle East region of Orange to offer the Orange Money solution. The service is now available in 18 countries, serving 45 million customers. In 2019, transactions worth at least 2.6 billion euros were made.

In a statement to TODAY NEWS AFRICA in Washington D.C., the company said 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.

In addition, non-Orange customers can take advantage of the service by downloading the
mobile application and use mobile money for financial and societal inclusion.

“Mobile money is revolutionizing 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 digitalization of the continent. For the Group, the ambition is to go further and to offer more services with a seamless customer experience,” the company said in a statement.

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.

TODAY NEWS AFRICA
TODAY NEWS AFRICA
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Email us - contactus@todaynewsafrica.com

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