Orange and Ecobank extend bank-to-wallet money transfer service to three African countries

Money Transfer

Orange and Ecobank, a leading independent pan-African banking group, have announced the extension of its bank-to-wallet money transfer service to 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.

From the comfort of their smartphones, customers can securely transfer money between accounts at any time, without the need to go to a distribution point or to have any physical cash.

Patrick Akinwuntan, Group Executive, Consumer Banking at Ecobank Group said, “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,”

He added, “It is a platform which highlights the importance of on-line banking and mobile today and to our commitment in bringing convenient banking services to everyone in central Africa.”

The service also allows Ecobank customers to view their bank account balance and obtain mini-statements by SMS via the service.

By enabling customers to link their bank account with their Orange Money account, this new service in Côte d’Ivoire, Guinea Conakry and Niger furthers the development of mobile financial services in Africa.

The bank-to-wallet money transfer service was first launched in Mali in January 2015. It was launched in Cameroon in August 2015.
Source: TechLoy 22 March 2016