Orange & BNP Paribas unveil mobile banking partnership - CNBC Africa

Orange & BNP Paribas unveil mobile banking partnership


by admin 0

A BNP Paribas building. PHOTO: Banking Technology

“Orange Money and BNP Paribas are joining forces to deploy Orange Money services to banking customers in their common sales territories in Africa. BNP Paribas customers will thus benefit from Orange Money functionalities such as money transfers, bill payments, merchant payments and purchases of airtime credit,” Thierry Millet, director of the Payments and Contactless Programme at Orange, said in a statement.

 “The synergies of our businesses will make it easier for customers to manage their money, wherever they are in the country and at any time of the day.”

Orange is a global telecommunications operator that is present in 30 countries, and has a total customer base of over 239 million customers as of 31 March 2014.

Customers will now be able to securely transfer money to their Orange Money account directly from their BNP Paribas bank account, or the other way around.

(READ MORE: Tigo launches world's first cross border mobile money transfer)

The service also allows customers of the BNP Paribas group, including BICICI in Côte d’Ivoire, to carry out real-time banking operations without going to their banks, but rather by using their Orange Money account.

François Benaroya, retail director in the International Retail Banking branch of BNP Paribas, added that the partnership also gives Orange Money customers access to new banking services such as a savings account, an international bank card, among others.

BNP Paribas is a French financial services provider with a presence in 75 countries, and is one of the largest banks in the world.

It also gives BNP Paribas customers access to a varied withdrawal and deposit network, with the possibility of being able to complete services such as paying bills or buying telephone credit from their mobile phones.

The partnership aims to increase the current population of bank account holders by offering a simple and secure means of day-to-day banking transaction options.

The service, which is available from today, will begin in Côte d’Ivoire and therafter extended to other countries BNP Paribas and Orange Money are present.