Orange and NSIA have partnered together to launch Orange Bank Africa across Ivory Coast. The new service will offer clients a range of savings and micro credit services allowing customers to borrow as little as 5,000 CFA using their mobile phone.
Orange Chairman and CEO, Stéphane Richard, said: “New technology is needed to strengthen financial inclusion and support economic development, as proven by mobile money over the past few years. Banking is a new area of business for Orange in Africa. It falls squarely in line with our strategy as a multi-service operator and our desire to drive the digital transformation forward in Africa. Based on our association with NSIA, also a leader on the market in Africa, we provide easy access to bank services for as many people as possible, with simple and essential services that benefit all our clients.”
Jean Kacou Diagou, CEO of NSIA, adds: “For the past 25 years, NSIA Group has been developing bank and insurance solutions to address the needs of African people and make them available to as many people as possible. We know that electronic banking is vital for the financial inclusion of our customers.”
The firm has identified Senegal, Mali, and Burkina Faso as the next markets for expansion.