Orange MEA has chosen Ericsson as a key partner for its pan-African Orange Money service, leveraging Ericsson’s Wallet Platform to drive financial inclusion for its consumers in fourteen African nations.
Ericsson’s Mobile Financial Services solution, Ericsson Wallet Platform, is a leading financial services platform built on cutting-edge security technology and open architecture framework principles.
Since its inception in 2008, Orange Money has grown at a remarkable pace. More than 60 million members use the service in seventeen African and Middle Eastern nations, and it handled more than EUR 62 billion in transactions in 2020 alone.
Financial services are provided via a flexible and simple mobile phone interface, eliminating the requirement for a bank account. Customers of Orange Money may safely store, transfer, and withdraw money, as well as pay merchants and utility providers, among other essential financial services.
Starting with Senegal, Orange Middle East and Africa will roll out Ericsson’s Mobile Financial Services solutions in phases across fourteen of its Orange Money nations.
Ericsson’s solution will enable a more agile and compliant IT architecture to improve transaction flow management performance.
Ericsson will contribute to financial inclusion and economic development in these nations by enhancing Orange’s core mobile money platform.
Ericsson’s Wallet Platform solutions, which are offered by communications service providers, are being used by more than 300 million individuals around the world.
Alioune Ndiaye, Chairman and CEO of Orange Middle East and Africa, says: “Stable, secure, reliable and compliant mobile financial services are fundamental to building the foundations of economic growth for many people in Africa. As we continue to work to support our customers and enhance the services offered to them, we are very pleased to work with Ericsson as their financial services platform is built upon the latest security technologies and open architecture framework principles which can further expand our ecosystem and achieve our vision of financial inclusion in Africa.”
Fadi Pharaon, President Ericsson Middle East and Africa, says: “This is a new milestone in our long-standing partnership with Orange Middle East and Africa. With Ericsson’s industry leading and state-of-the-art Mobile Financial Services Platform, this partnership enables Orange Middle East and Africa to achieve its vision to accelerate financial inclusion in Africa. This anchors Ericsson’s technology leadership position in offering the most advanced and innovative Mobile Financial Services and further contributing to the economic development of Africa.”