Ericsson wins mobile finance deal with Orange Money

Ericsson wins mobile finance deal with Orange Money

Orange MEA is partnering with Ericsson as it looks to accelerate its pan-Africa Orange Money mobile finance service.

Launched in 2008, Orange Money now has over 60 million subscribers across 17 countries across Africa and the Middle East. The operator group’s Middle East and Africa division will deploy Ericsson’s Wallet Platform in phases across fourteen of these countries, starting with Senegal.

Ericsson Wallet Platform provides financial services through a flexible and simple mobile phone interface, without the need for a bank account. Orange Money customers can securely store, transfer and withdraw money and pay merchants and utility providers, among other essential financial services.

Alioune Ndiaye, Chairman and CEO of Orange Middle East and Africa says: “Stable, secure, reliable and compliant mobile financial services are fundamental to building the foundations of economic growth for many people in Africa.”

Ndiaye described Ericsson’s platform as being “built upon the latest security technologies and open architecture framework principles, which can further expand our ecosystem and achieve our vision of financial inclusion in Africa.”

Ericsson signed a 13-country deal for its Wallet Platform solutions with MTN Group in 2019, and its latest contract win with Orange strengthens its position in the African market.

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