Orange selects Ericsson to accelerate financial inclusion in Africa

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

  
The logo of French telecoms group Orange is seen at the entrance of the Cyberdefense division headquarters at Nanterre, France, October 5, 2017. Image used for illustrative purpose.

The logo of French telecoms group Orange is seen at the entrance of the Cyberdefense division headquarters at Nanterre, France, October 5, 2017. Image used for illustrative purpose.

REUTERS/Charles Platiau
 

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.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Technology