Orange Money partnership grows network
VALUE ADDED SERVICES| Dec. 22, 2011, 2:32 p.m.
By Carole Kimutai, Nairobi, Kenya
Orange Money has expanded its footprint with the opening of mobile money transfer outlets in all Nakumatt Supermarket branches countrywide. This is as a result of a partnership between Telkom Kenya and Pep Intermedius, a financial intermediary with exclusive access to all Nakumatt stores.
During the signing of the partnership, the Chief Executive Officer, Mickael Ghossein, said the decision to partner with Pep Intermedius was informed by the need of making the versatile mobile money solution more accessible to customers.
“We recognise the need to increase accessibility of this e-commerce platform at more convenient locations. By partnering with Pep Intermedius, we shall offer our services in the more than 30 Nakumatt outlets across the country,” he said; adding that these were bound to grow based on Nakumatt’s rapid expansion plan that saw it launch another shopping outlet in Nakuru this week.
Welcoming Orange Money into Nakumatt, the retail giant’s Chief Executive Officer Atul Shah said that partnership was consistent with their desire to make the retail store a one-stop shopping centre. “We are aware that Orange Money recently launched a VISA Debit card to be used with our already robust Point of Sale terminals to ensure that the shopping experience for our customers is enhanced,” said Shah.
Natalie Houben, the Managing Director of Pep Intermedius was upbeat about the signing, citing the unique proposition that will be realised between Telkom Kenya and Pep.
“Orange Money is a dynamic service that is growing more so at a time when e-commerce is gaining currency in the Kenyan market. This coupled with the experience and efficient business model that we employ at Pep will see Orange Money services made accessible to more customers,” she said.
The deal with Pep Intermedius will also see Telkom Kenya cut down on operational costs significantly, while benefiting from the wide network chain provided by financial intermediary. PEP Intermedius Ltd (PEP) has been in the market for the last 7 years with a focus on the expansion of the mobile money market in the country.
MORE VALUE ADDED SERVICES NEWS
Airtel Money launches new partnership with MOGASAirtel Uganda and MOGAS have officially unveiled their new partnership that allows customers to pay for any MOGAS products and services using Airtel Money at their 38 stations across Uganda. Read More
Econet launches Connected Car serviceEconet has launched yet another revolutionary product branded the Econet Connected Car. Read More
Tigo cash trains over 2,000 agentsAs part of efforts to scale up mobile financial services, particularly in the informal sector, mobile network operator, Tigo is training over 2,000 agents in its award-winning mobile money service, Tigo Cash. Read More
Airtel Money to launch cross border money transfer service across East AfricaBharti Airtel has announced plans to launch a cross border money transfer product in East Africa. This is a first in market initiative across Africa and will enable Airtel Money customers to send, receive and withdraw money from their Airtel Money wallets. Read More
MTN set to support money transfers between Rwanda and UgandaMTN Uganda is partnering with MTN Rwanda to deliver cross border transactions between the two countries. Read More
Former Kampala mayor demands UGX8bn from MTN UgandaMTN Uganda has found itself in protracted lawsuit involving copyrights on caller tunes in a case whose outcome could set a precedent for similar scenarios in future. Read More
busuu language app marks 50m user milestoneLanguage learning app busuu has celebrated the milestone of reaching more than 50 million users worldwide, less than six years after its launch, making it the largest online language learning tool in the world. Read More
FDH bank partners Airtel on eMoneyFDH Bank has partnered Airtel Malawi in creating a new technology platform called FDH eMoney. Read More
Boosting health insurance uptake via technology: Lessons from Britam’s Linda JamiiLinda Jamii, a package offered by Britam Insurance company, is gaining popularity and netting thousands of Kenyans who never dreamt of a decent health cover. Read More
FEATURED STORYGrowing African focus on data security
Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSCNN, MultiChoice name top African Journalist 2014
Kenyan journalist Joseph Mathenge has been awarded the top prize at this year’s CNN MultiChoice African Journalist 2014 Awards Ceremony.