Telecom

Orange MEA hires Ericsson to upgrade its Mobile Money service in Africa

Tuesday, 21 September 2021 18:06
Orange MEA hires Ericsson to upgrade its Mobile Money service in Africa

(Ecofin Agency) - The Middle East and Africa arm of French telecom group Orange has selected Ericsson to enhance its mobile money service in 14 African countries. The Swedish technology company said on Monday, September 20, that it will make its Ericsson Wallet Platform solution available to the telecom company for this purpose.

Alioune Ndiaye, president and CEO of Orange Middle East and Africa, explained that Ericsson was chosen because its “financial services platform is built on the latest security technologies and open architecture framework principles which can further expand our ecosystem and achieve our vision of financial inclusion in Africa.”

He emphasized that this solution will enable Orange MEA to provide a more agile and compliant IT architecture to improve Orange's transaction flow management performance by strengthening its mobile money platform. It will also help promote financial inclusion and economic development in these countries.

The Orange Money service was launched in 2018 and has rapidly grown with currently more than 60 million subscribers in seventeen countries in Africa and the Middle East. In 2020, the service contributed to more than €62 billion in transactions. The coronavirus pandemic has also boosted activities on the segment. At the end of 2020, Orange MEA reported for Orange Money a revenue of €507 million, up 21% compared to 2019.

With this new deal with Ericsson, Orange MEA is strengthening its footprint in a market segment that is now considered, just like data, as a growth driver by many groups on the continent.

Bharti Airtel and the MTN Group are also multiplying their strategic actions to consolidate their position in several countries.

Muriel Edjo                  





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.