New Service Enables Orange Money Customers to Make Visa in Store & Online Payments and ATM Transactions
PARIS, France, August 6, 2013/African Press Organization (APO)/ – Orange (http://www.orange.com) has announced a new set of mobile payment services in conjunction with Visa for Orange Money subscribers. Botswana will be the first country to benefit from the new program and will allow easy access to funds 24 hours a day, bringing new point-of-sale, online and ATM transaction options to consumers.
Currently, Orange Money allows customers to use their mobile phones to transfer funds to any mobile phone subscriber in or outside the country, buy airtime, and pay bills.
From August this year, registered Orange Money subscribers in Botswana will be able to use their Orange Money account to make Visa enabled payments and pay invoices at stores, international online merchants and at over 300 Visa ATMs across the country. To access this range of innovative services, Orange Money subscribers will need to apply for a Orange Money prepaid Visa card, which will be instantly linked to their existing Orange Money account. The card, secured with a PIN code, will then allow them to use funds to make point-of-sale payments at retailers and withdraw cash at ATMs. Subscribers will also benefit from a secured virtual Orange Money prepaid Visa card for their web purchases.
The Orange Money Visa card will be available to all sectors of the population, ranging from the unbanked and under-banked, blue collar workers, rural dwellers as well as the young, self-employed and students.
Botswana is the first country in the world where this new innovative program for enhanced mobile payments will be launched, following the announcement of a group-wide collaboration between Orange and Visa in 2012. Other countries in Africa and the Middle East, where Orange Money is already available, will progressively offer the Orange Money prepaid Visa card.
Visa’s Head of Digital Solutions for Emerging Markets, Hannes Van Rensburg said: “This is a significant milestone in Visa’s strategy to drive financial inclusion and we are excited to be launching this service with Orange in Botswana. The program will contribute to the mobile money revolution in Africa, enabling many more people to access the benefits of the formal financial system.”
“I am proud to announce this world’s first launch that will give unbanked population access to a Visa card and to all related services thanks to their Orange Money account. By combining the convenience of Orange Money with the reach of Visa’s global payment network, we can offer new payment capability to Orange Money customers in their home country and abroad,” said Thierry Millet, Director of the strategic NFC and payment programme at Orange.
Developing countries in Africa and the Middle East are among the first target markets for Orange and Visa to deploy cross-over prepaid products and services, helping to drive economic growth and financial inclusion by migrating cash spend to electronic payments.
Distributed by the African Press Organization on behalf of France Télécom-Orange.
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Orange is one of the world’s leading telecommunications operators with sales of 43.5 billion euros in 2012 and has 168,000 employees worldwide at 30 June 2013, including 103,000 employees in France. Present in 32 countries, the Group has a total customer base of more than 231 million customers at 30 June 2013, including 174 million mobile customers and 15 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
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Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 30,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit corporate.visa.com