Orange Money Botswana and EcoCash have launched a new partnership to enable better and more affordable access to digital money transfers between Zimbabwe and Botswana.
Powered by TransferTo’s global mobile payments network, this service now allows Zimbabwean diaspora, living in Botswana, to use their Orange Money digital wallet to send money back home to family and friends in real-time, directly into an EcoCash mobile wallet.
Remittances represent a very important source of income for Zimbabwe, powering significant social and economic developments across the country. There are over 600,000 Orange Money subscribers in the market, and the service enables quick, simple and more affordable money transfers between digital wallets, providing an alternative option to traditional means of sending money across borders.
Dr Patrick Benon, CEO of Orange Botswana said; “As part of our broader financial inclusion and diversification strategy, Orange Money seeks to expand its services to offer a cheaper, secure and more convenient International Money Transfer payment infrastructure from Botswana to the whole Southern Africa region and beyond”.
“This service will enable better and more affordable access to digital money transfers between Zimbabwe and Botswana. The partnership is aligned to our innovation efforts aimed at offering our customers more cost-effective solutions to facilitate both cross-border and domestic money transfers”, added Dr Benon.
Since the introduction of the service, the operator has registered a steady growth in the number of Orange Money subscribers who are of Zimbabwean origin.
Peter De Caluwe, CEO of TransferTo, said: “With this partnership, we have an amazing opportunity to help meet the growing demand for alternative digital financial solutions in Africa and offer a cheaper, secure and more convenient payment infrastructure through which digital transfers are performed.”
Eddie Chibi, CEO of Cassava Fintech Zimbabwe said: “This partnership will enable Zimbabweans in Botswana to remit funds to friends and family back home as we drive towards creating financial inclusion on the continent of Africa. In addition, all recipients of funds remitted via EcoCash are guaranteed to access it in cash.”
This launch marks the first ever hub-enabled cross-operator service for Orange Money in Africa.