From now on, customers can transfer money to their Orange Money account directly from their BNP Paribas bank account, or vice versa, simply, quickly and securely.
This after European telecommunications giant Orange partnered with France’s BNP Paribas to offer a retail banking customers in Africa, providing a direct access between their BNP Paribas account and their Orange Money account through their mobile phones.
The service is already available in Ivory Coast and will be extended to other countries in which BNP Paribas and Orange Money are present, particularly Senegal.
The service allows customers of the BNP Paribas group (BICICI in Ivory Coast) to carry out real-time banking operations without going to their banks, simply by using their Orange Money account, the two companies said in a joint statement.
This flexibility in transferring money between bank accounts and mobile accounts will make it easier to use the services already offered by Orange Money, such as payment for goods and services (water, electricity and TV bills, among others), and purchases of airtime credit.
Orange Money currently has more than 10 million customers in 13 countries in Africa and the Middle East. Subscription to the Orange Money service is free of charge.
Paris-based BNP Paribas is the main sponsor of the French Open (tennis), well-know in France as Roland-Garros.
The large network of licensed Orange Money distributors will supplement the network of BNP Paribas bank branches, offering a maximum number of cash withdrawal points to all customers, particularly in more remote areas.