Orange Money to cut across networks
VALUE ADDED SERVICES| Oct. 7, 2011, 4:46 p.m.
By John Churu, Gaborone, Botswana
As from the 24th of October, Orange Botswana’s newly-launched mobile phone-based financial service, Orange Money, will extend its money transfer and withdrawals facility to other networks outside of Orange. This is according to the Head of Orange Money, Moussa Dao.
Botswana has currently three mobile phone operators - Orange, Mascom and be-Mobile, which is a government-owned entity.
Initially, Orange subscribers were the only ones who able to use the facility, which allows them to deposit, withdraw or transfer money from their mobile to another mobile phone within the Orange network.
“From the 24th we will make it possible for our customers to transfer to non-Orange networks operating in this country,” said Dao. Since the launch of the product, there have been no security glitches and Orange hopes with the introduction of other networks in their system, the same smooth flow will prevail.
“Since June 2011, there have been no security glitches. We monitor the transactions daily and the system has inbuilt parameters so you can’t go beyond a certain limit. We are going to extend the same security standards to these other networks that we are roping in as well,” assured Dao.
Dao added that in due course, customers would be able to access the same facility in other countries, but he cautioned: “in the meantime we are studying the security details of the host countries as well.” Dao said Orange’s role was to make day-to-day life easier for as many people as possible.
MORE VALUE ADDED SERVICES NEWS
FirstBank launches Loop lifestyle appFirstBank of Nigeria has introduced Loop, a lifestyle app delivering premium content to customers’ mobile phones. Read More
Tigo, Western Union enable mobile remittances in RwandaTigo Rwanda and Western Union have announced the launch of a new service that allows reception of international remittances directly into mobile through Tigo Cash accounts. Read More
Airtel debuts direct purchasing on facebookAirtel Ghana has launched the first direct data bundle purchasing on Facebook. Read More
Effortel helps deliver Africa’s first mobile banking MVNOMobile virtual network operator (MVNO) and enabler, Effortel, announced today that it is working with fellow MVNO, Equitel to provide Kenyan mobile subscribers with Africa’s first fully integrated banking approach via a mobile network. Read More
Standard Bank Expands InstantMoney service to Botswana and Uganda: Namibia to followStandard Bank, Africa’s biggest lender by assets, has expanded its InstantMoney payment solution to Botswana and Uganda as part of broader plans to roll out the service across the continent. Read More
Transfast expands proprietary bank network into 23 African nationsTransfast, a leading provider of online, cross-border p2p payments solutions, has announced the expansion of its proprietary bank network into 23 African nations. Read More
BotswanaPost introduces PosoOnlineBotswanaPost continues to explore the technology space, this time with a new product called Electronic Bill Presentment and Payment (EBPP) or PosoOnline. Read More
Telecom Chamber welcomes new guidelines on E-money issuers in GhanaThe Ghana Chamber of Telecommunication has welcomed the newly proposed guidelines for e-money issuers in Ghana and Agent Guidelines by the Bank of Ghana. Read More
Why mobile money uptake is sluggish: Airtel CEOChief Executive Officer Airtel Nigeria, Segun Ogunsanya, has called for a review of the current mobile money model, saying a telco-led model will help expand retail banking, thereby driving financial inclusion in the unbanked segment. Read More
SA travel company launches app simplifying new child visa lawsCape Town-based travel company Drive South Africa has developed a web app simplifying the new visa regulations for parents travelling to and from South Africa with their children. Read More
FEATURED STORYKenyan SACCOS riding on innovation to attract customers
As confidence in mainstream banks remains low due to prohibitive interest rates, customers are embracing Savings and Credit Cooperatives (SACCO) as an alternative.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.