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

Search News

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

EFInA lifts Nigeria mobile banking with $1.5m

Enhancing Financial Innovation & Access (EFInA) boosted the mobile money sector by splashing $1.5 million or about N421.5 million from its Innovation Grant on Diamond Bank’s Diamond Y’ello Account (DYA), a mobile banking platform which was built on MTN Xaas platform.  Read More

KCB M-PESA loan disbursements cross KSh10B mark

Revolutionary mobile-based bank account KCB M-PESA has advanced KSh10.3 billion in loans to its customers since inception about two years ago, boosting access to credit in Kenya. Read More

Airtel Money, WAEC enable candidates to check their results online

Airtel Money is enabling the purchase of the West African Examination Council (WAEC) results checker pins on its platform.  Read More

Airtel Money Card is now back, with online payments

Airtel Kenya has announced the return of its Airtel Money Card, enabling card holders the convenience of shopping, online payments and easy access to funds 24 hours a day.  Read More

Daystar University pioneers smartphone-based degree programmes

Daystar University has announced a strategic partnership with OneUni to launch Africa’s first smartphone-based degree programmes, the first of which is a Bachelor’s of Education for existing and aspiring teachers. Read More

MTN Ghana stimulates discussion on cashless society

As part of its 2016 Mobile Money Month celebration in the country, MTN Ghana has revisited the discussion on a cashless society and the need for stakeholders to take a critical look at its benefits again. Read More

WorldRemit calls for urgent restoration of money transfers to Nigeria

Hundreds of global remittance companies have been forced to cease transfers to Nigeria, says WorldRemit. Read More

Mobile Money – the paradox of costly convenience

The convenience of mobile money is being offset by the increased risk of fraud, report Kampala residents. Read More

Uber Kenya faces looming drivers’ strike

Kenyan drivers for digital taxi service Uber have threatened to embark on a strike from today over fare price cuts. Read More

Uber offers cashless payments in Accra through SMSGH

Uber, the innovative app that connects riders with drivers, has revealed to Biztechafrica that it has partnered with SMSGH to provide mobile payments to the Greater Accra Metropolitan Area (GAMA).  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

Financial services sees AI as both opportunity and threatFinancial services sees AI as both opportunity and threat

Banking is already a key area where technology is having an impact throughout Africa, and a new survey assesses the impact artificial intelligence will have on this sector.

IN DEPTH

Access and Use of ICT stats releasedAccess and Use of ICT stats released

Statistics Botswana has released the first results of the 2014 Information and Communication Technology Household Survey.

COMPANY NEWS

Tigo explores options to give customers a greater choice for 4G services in Ghana

Following her recent visit to Ghana, Cynthia Gordon, the CEO of Millicom Africa, has emphasized the remarkable growth opportunities in data and Tigo’s commitment to giving customers ...