Orange and BNP Extending Banking Services

Orange and BNP Paribas are introducing a new retailing banking service in Africa that would make easy two-way money transfer between Orange Money and BNP Paribas accounts possible.

The service, which is currently being offered in Côte D’lvoire, would be offered in other African countries where both banking companies have a presence. It aims at relieving customers from visiting banks for withdrawals and paying utility charges by using their Orange Money accounts.

“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,” said Thierry Millet, Director of the Payments and Contactless Programme at Orange, which has a presence is over 13 African countries.

Orange Money is also luring customers in remote areas by offering cash withdrawal points through a licensed distributors’ network.

“This agreement gives Orange Money customers access to new banking services (savings account, international bank card, etc.) and gives BNP Paribas customers access to an extensive withdrawal/deposit network and the possibility of paying bills or buying telephone credit from their mobile phones,” said Retail Director François Benaroya of BNP Paribas.

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