Orange promotes Africa money collaboration
11 March 2019
Orange deputy CEO for mobile financial services Paul de Leusse (pictured) urged Africa’s mobile money providers to get around the table to discuss interoperability if they are to successfully expand into merchant payments on the continent.
During a media event at MWC19, de Leusse pointed to merchant payments as a major opportunity for mobile money providers but warned large businesses were unwilling to strike separate deals with each operator.
“The larger the network is, the easier it is for us to gain more clients. If we want to develop merchant payments, the merchants won’t discuss with MTN, Orange, Airtel and so on. They want to discuss with one scheme,” he added.
Orange already has an interoperability deal in place with MTN and the company aims to develop similar partnerships with other operator groups.
In addition to targeting merchant payments, Orange plans to launch micro credit services across its African mobile money operation. It is also mulling the addition of savings and select insurance products.
Source: Mobile World Live