Orange, Ecobank Expand Bank-to-Wallet Funds Transfer Service

Orange, Ecobank Expand Bank-to-Wallet Funds Transfer Service Image Credit: Orange

Orange and pan-African banking group Ecobank expand their bank-to-wallet transfer service that was launched last year in Mali and Cameroon in additional to countries such as Côte d’Ivoire, Guinea Conakry and Niger. The service facilitates money transfers for both Ecobank and Orange customers by allowing them to top-up their Orange Money e-wallet from their bank account, and vice versa.

Ecobank customers can also view bank account balance and obtain mini-statements by SMS via the service. 

Launched in the Côte d’Ivoire in December 2008, Orange Money is currently available in 14 countries in Africa and the Middle East. With close to 8 billion euros exchanged over the course of 2015 and over 16 million customers, Orange Money continues its rapid growth, said Orange.

Thierry Millet, Director of Orange Money, Mobile Payment and Contactless
Since its launch in January 2015 in Mali, this service has been a huge success with close to 110 million euros transferred between Ecobank and Orange Money accounts.

Patrick Akinwuntan, Group Executive, Consumer Banking at Ecobank Group
We have seen remarkable success in the volume of bank transfers since the beginning of a successful partnership between Ecobank and Orange and we are confident that this service will also have a great success the new countries that are embarking on this service. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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