Orange to launch banking services in France

Monday 27 July 2015 | 09:46 CET | News
Orange plans to open its own bank in France, early next year with a partner from the banking sector. CEO Stephane Richard told Le Figaro in an interview that the company will build off its brand, distribution network and 27 million customers to offer banking services. The company has hired Laurent Paillassot, former general manager of LCL bank, to oversee the project, Richard said. Orange is already active in the banking market in Poland, where it has over 100,000 customers. The operator also offers a range of mobile money services at its operations in Africa. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Orange
Countries: France
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Orange sees m-banking as key to diversification strategy

Published 16 Jan 2016 22:04 CET | France
Orange France deputy CEO Laurent Paillassot told Light Reading why the operator plans to buy 65 percent of Groupama Banque to ...

Orange in talks to buy 65% of Groupama to launch mobile bank

Published 05 Jan 2016 09:08 CET | France
Orange has entered into exclusive negotiations with French banking and insurance group Groupama with a view to Orange acquiring ...

Orange Cash goes live throughout France

Published 20 Oct 2015 11:46 CET | France
Orange's mobile wallet app Orange Cash became available nationwide in France on 19 October. The app supported by Wirecard was ...

Orange Finance signs up 75,000 customers in five months

Published 17 Mar 2015 10:34 CET | Poland
Orange has signed up 75,000 customers to the Orange Finance service in Poland in the five months since it launched the service in ...