Thursday, December 4, 2008

Orange Money Launched in Ivory Coast

Orange has teamed up with French bank BNP Paribas to launch its Orange Money mobile payment and money transfer service in Ivory Coast.

Orange Ivory Coast is the group’s first company to launch the service.


The operator handles the services’ platform and marketing, while BNP Paribas’ Ivory Coast subsidiary BICICI is in charge of issuing and guaranteeing the electronic money.

With Orange money, Orange customers can deposit and withdraw up to XOF 100,000 (EUR 152.44) from the Orange Money account, make person-to-person money transfers, top-up their airtime credit with up to XOF 10,000 (EUR 15.24) and pay bills.


In order to use the service, customers have to open an Orange Money account which is activated for free without requiring any minimum deposit. Users do not need bank accounts to subscribe to the service. Orange Money is also to be launched in other countries over the coming months.


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