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Wireless

Orange Money reaches 4 million customers

Monday 18 June 2012 | 11:27 CET | News
Orange Money has passed the milestone of 4 million customers, 14 percent of its customer base in the 10 African and Middle Eastern countries where the mobile payment service is offered. Orange Money had 1 million users at the end of 2010 and nearly 3 million a year later. The operator added its latest two countries in the past two weeks, Mauritius and Jordan, the latter being the first Orange Money service in the Middle East. Orange Money is also available in Cote d'Ivoire, Botswana, Cameroon, Kenya, Madagascar, Mali, Niger and Senegal. In Madagascar over a third of all customers have opened

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Categories: Mobile & Wireless
Companies: Orange / Orange Jordan / Orange Mauritius
Countries: Africa / Jordan / Mauritius / Middle East
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Comments

This presents a clear case of how quickly "the mobile payment of utility and other bills and bank account services" can reach million - these technologies are going to reach un-banked population like wild fire - bring financial inclusion and enabling environment for a range of services which a brick and motor bank branches are just not able to facilitate - It poses a challenge to banks and at the same an opportunity of immense potential, where sheer numbers will make up for a profitable proposition aside of enable the bottom pyramid of the population to benefit from low costs and ease in money transfers, payments and allied products. Khurshid Khair, Utiba The world of Mobile Commerce
khurshid khair @ 19/6/2012 - 14:58

i just registered and i hope it gives me a vast knowledge about telecommunications and updates,thankyou.
naresh reddy @ 19/6/2012 - 12:47

" daily transactions now exceed XOF 1 billion (EUR 1.5 mln) a day." , hi , I think you talk about number of transactions and not revenue per day!. Please correct if I am wrong ! regards
Anonymous @ 19/6/2012 - 11:36

Africa is the next frontier of development and unimaginable growth.
Godfrey Maenzanise @ 18/6/2012 - 17:18


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