Orange Middle East and Africa announced the selection of Ericsson as a strategic partner for its pan-African Orange Money service, tapping Ericsson’s Wallet Platform to accelerate financial inclusion for its customers across fourteen African countries, according to the company’s emailed statement.

Ericsson’s Wallet Platform is a leading financial services platform built on the latest security technologies and open architecture framework principles.

Orange Money has grown rapidly since it was launched in 2008. The service is now available to more than 60 million subscribers in seventeen countries across Africa and the Middle East, where it facilitated more than EUR 62 billion in transactions in 2020 alone.

The offering provides financial services through a flexible and simple mobile phone interface, without the need for a bank account. Orange Money customers can securely store, transfer and withdraw money and pay merchants and utility providers, among other essential financial services.

Additionally, Orange Middle East and Africa will deploy Ericsson’s Mobile Financial Services solutions in phases across fourteen of the countries in its Orange Money footprint, starting with Senegal.

More than 300 million people worldwide currently use Ericsson’s Wallet Platform solutions, delivered by communications service providers.

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