Orange Money celebrates a decade of financial innovation in Africa
5 October 2018
Orange Money, Orange’s (www.Orange.com) mobile money solution, is celebrating its 10th anniversary. Launched in 2008, the service currently has 40 million customers and is available in 17 countries, reaching €26 billion in transactions in 2017. Orange Money is now one of the Group’s leading growth drivers and continues to evolve to better serve people, companies, institutions and governments.
Success based on an accessible, universal service
Orange Money was initially launched in Côte d’Ivoire in 2008. The success of this money transfer and mobile payment solution for unbanked or relatively unbanked populations is based on the accessible, universal nature of the service, which makes it possible for millions of people to perform instant, secure and reliable financial transactions using their mobile phone.
The service is currently available in 17 African countries and has 40 million customers, 13 million of whom use it every month. Orange Money’s accelerating growth and sales which rose 60% from 2016 to 2017 have made it one of the Group’s top growth drivers in Africa, particularly in Côte d’Ivoire, Mali, Burkina Faso, Senegal and Cameroon. In some countries, the service gives close to 50% of users access to banking services in areas with low levels of bank usage.