Funding & Finance

Orange opens two new Orange Money remittance corridors to Burkina Faso and Morocco

People from Burkina Faso and Morocco living in France can use their Orange Money account to quickly send money to their family and friends

Orange opens two new Orange Money remittance corridors to Burkina Faso and Morocco

Orange opens two new Orange Money remittance corridors to Burkina Faso and Morocco

Share

Following Ivory Coast, Guinea, Madagascar and Mali, it is now Burkina Faso and Morocco that have benefited from the international money transfer solution from France since 8 and 20 May respectively.

Advertisement

People from Burkina Faso and Morocco living in France can use their Orange Money account to quickly send money to their family and friends. The money is securely transferred, in real time, directly to the recipient’s Orange Money account.

Orange has continued to extend the international money transfer service for the benefit of its customers across the world. In 2013, Orange was the first operator to launch a mobile-to-mobile international money transfer solution in West Africa, between Mali, Senegal and Ivory Coast. Transferring money with Orange Money represents an alternative to traditional methods of sending money across borders.

By encouraging the use of mobile money, Orange is helping to bring families closer and facilitating their mutual support as they can manage their money better while stimulating economic growth in these countries. Moreover, during the global health crisis that has affected the whole world, this service offers another way to protect against transmitting the virus as no cash changes hands.

According to Ben Cheick Haidara, chairman of the Orange Money Burkina Faso Board of Directors, “The financial support sent by the diaspora to their families who stayed behind in the country, and their contribution to the economy, is very important to our country.

Haidara said having a simple, rapid and reliable solution like Orange Money, so that the beneficiary receives their money instantly, addresses a real need of customers. “Opening up international money transfers from France to Burkina Faso will cement the use of Orange Money in the daily lives of our population, alongside other existing services,” he noted.

Yves Gauthier, CEO of Orange Morocco, said: “By introducing international money transfer, we want to offer our customers an alternative to traditional means of receiving money across borders. From now on, their mobile phone allows them to receive money from their relatives living in France at a lower cost, instantaneously and securely.”

Christian Bombrun, senior vice president, Products and Services, Orange France, said: “The health crisis we are going through has shown that mobile-to- mobile money transfer is a key benefit for our customers. Money transfer users in France have massively turned to Orange Money to instantly and securely send money to their loved ones in Mali, Ivory Coast, Madagascar and Guinea.”

Bombrun explained that the opening of two new corridors, in Burkina Faso and Morocco, is an important step in Orange Money’s development strategy worldwide.

Reporting for Business Tech Africa on the funding, tools and strategy shaping the continent's founders and SMEs.

Was this useful?0 reactions
Start-Ups
Read nextstart-ups

Nigerian Startup SecVite Reaches 600 Users as It Eyes Pre-Seed Funding

Nigerian event technology startup SecVite has reached 600 users since launching in October last year and is now considering pre-seed funding

Roy Mulenga · readContinue reading