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
Globacom unveils National Mobile Health Insurance productNigerian national telecoms carrier, Globacom has unveiled a National Mobile Health Insurance Product to help improve access to quality health care among Nigerian population. Read More
MFS Africa to power cross-border xP2P services between MTN Mobile Money and M-Pesa in AfricaMFS Africa has announced that its mobile money hub (MFS Africa Hub) has been selected by telecom giants Vodafone and MTN to interconnect their respective M-PESA and MTN Mobile Money platforms in the East African region. Read More
Airtel Kenya partners Medanta Africare for mobile healthcareAirtel Kenya has joined hands with Medanta Africare to launch a new mHealth service that will allow customers access quality health advice from doctors through their mobile phones. Read More
MTN Mobile Money and Vodafone M-Pesa to interconnect Mobile Money ServicesCustomers of MTN Mobile Money and M-Pesa in East Africa will be able to transfer money to each other following an agreement between MTN Group and Vodafone Group to interconnect their mobile money services. Read More
Mobile money a game changerThere has been massive drop in the number of unbanked, thanks to the boom of mobile money services, a new World Bank report shows. Read More
Afrinvest unveils mobile app for online trading, investment managementAfrinvest Securities Limited at the weekend launched an online equity trading mobile application, offering clients mobile access to their brokerage accounts and portfolio data. Read More
Stanbic launches real time payments for electricity and DStvStanbic Bank Botswana has announced the introduction of state of the art, real-time electronic payments for Prepaid Electricity and DStv Subscription through its cellphone Banking and Internet Banking Channels. Read More
Safaricom readies to bring M-PESA homeSafaricom has started final preparations for the launch of the second generation of its M-PESA platform as it prepares to perform a full scale system upgrade aimed at improving efficiencies and speed over the next week. Read More
Airtel Money hits over 1 million transactions in a monthAirtel Ghana has attained another milestone with its instant mobile money service. Read More
Online payment of BGCSE examination fees using Orange MoneyThe Botswana Examinations Council has announced its partnership with Orange Money for the payment of examination fees. Read More
FEATURED STORYe-commerce space untapped, says phonekings head
E-commerce is the future, says the head of a new online electronics mall launched in Nigeria. Tayo Olusanya spoke to Kokumo Goodie in Lagos.
BEST READ NEWS
IN DEPTHVillagers get solar training at Barefoot College
The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.