Orange to take Visa functionality across Africa

VALUE ADDED SERVICES

|
Image: By BiztechAfrica
Orange to take Visa functionality across Africa

France Telecom – Orange has announced that Orange Money customers across Africa and the Middle East will soon have access to Visa prepaid account features inside their Orange Money accounts.

Describing this as a significant step in bringing Visa-quality payments to consumers in developing markets, Orange says it plans to introduce Visa payment capability to Orange Money subscribers in select markets by the end of 2012.

The Orange Money mobile payment service currently offers Orange subscribers applications such as person to person transfers, bill payments, and agent-based cash-in and cash-out services for loading or withdrawing funds. Launched in cooperation with local bank partners, the service was first introduced in 2008 and is presently available in eight countries across Africa and the Middle East.

"We already provide secure and convenient payment capability to 3.5 million unbanked or financially under-served African citizens," said Jean- Paul Cottet, Orange's Executive Director for Marketing and Innovation. "By combining the convenience of Orange Money with the reach of Visa's global payment network, we can offer new payment capability to Orange Money customers in their home country and abroad."

By integrating Visa Mobile Prepaid accounts into Orange Money accounts, Orange is connecting existing mobile money subscribers to VisaNet, Visa's global payment network that is today utilised by 2.2 billion account holders, 30 million merchants and provides access to 1.9 million ATMs globally.

Working together on a multi-national basis, Orange and Visa will provide Orange subsidiaries and their local financial institution partners with the ability to offer all the features of Visa Mobile Prepaid accounts to their customers, including:

Visa Payment Functionality - From retail and e-commerce transactions, to access to Visa-enabled ATMs, Visa Mobile Prepaid will add new payment functionality to a customer's existing Orange Money account. Consumers may also have the option of receiving a Visa prepaid companion card.

Transaction Authorization, Clearing and Settlement Services - Visa will offer a full suite of payment processing and account management services supported by the world's largest payments network, VisaNet.   

Visa-quality Payment Security - Visa Mobile Prepaid combines Visa's advanced risk processing technology with the security and authentication features of mobile devices, offering consumers in developing countries peace of mind when making purchases. In addition, Visa's fraud monitoring capabilities can help mitigate and prevent fraud.

Visa also announced this week that it would partner with Intel to develop new mobile commerce solutions tailored for consumers in developing markets.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Econet launches Connected Car service

Econet has launched yet another revolutionary product branded the Econet Connected Car. Read More

Tigo cash trains over 2,000 agents

As 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 Africa

Chidi Okpala, Head of Airtel Money, Airtel Africa Bharti 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 Uganda

MTN Uganda is partnering with MTN Rwanda to deliver cross border transactions between the two countries. Read More

Former Kampala mayor demands UGX8bn from MTN Uganda

MTN 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 milestone

Language 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 eMoney

FDH 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 Jamii

Linda 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

Equity Bank to launch new mobile money SIM

Equity Bank has issued mobile banking smart SIM powered by Taisys Technologies to provide mobile banking and mobile communication services in Kenya. Read More

Glo eases learning with Mobile Tutor

Nigeria’s second national operator, Globacom, has launched a mobile application it said would redefine the way teaching and learning is done in a country with a huge infrastructural deficit. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Growing African focus on data securityGrowing 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.

IN DEPTH

Africa lags on digital migration Africa 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 NEWS

CNN, 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.