Orange picks Ericsson to expand mobile money service in Africa

Orange Middle East & Africa has reportedly chosen telecom major Ericsson as a strategic ally for its Orange Money service across pan-Africa. With this move, Orange will tap on Ericsson's Wallet Platform to let clients in fourteen African nations gain access to financial services.

Starting with Senegal, Orange Middle East and Africa will roll out Ericsson's Mobile Financial Services solutions in stages throughout fourteen of its Orange Money markets.

Meanwhile, Ericsson will contribute to these nations' financial inclusion and economic development by enhancing Orange's core mobile money platform. Its solution will enable a more flexible and compliant IT infrastructure to improve transaction flow management performance.

For the uninitiated, Ericsson's Mobile Financial Services solution, Ericsson Wallet Platform, is a leading financial services platform built on cutting-edge security technology and open architectural framework principles.

Its Wallet Platform solutions, supplied by several communications service providers, is presently used by more than 300 million individuals worldwide.

Chairman and CEO of Orange Middle East and Africa, Alioune Ndiaye, said that stable, secure, trustworthy, and compliant mobile banking services are important to establishing the foundation for economic progress for many individuals in Africa.

Mr. Ndiaye continued that their firm is excited to partner with Ericsson since their financial services platform is built on the most cutting-edge security technologies and open architecture framework principles, allowing Orange to expand its ecosystem and achieve the vision of financial inclusion in Africa.

Fadi Pharaon, President of Ericsson Middle East and Africa, says that this is a significant step forward in their long-standing relationship with Orange Middle East and Africa.

This cooperation enables Orange Middle East and Africa to pursue its objective of accelerate financial inclusion in Africa by leveraging Ericsson's industry-leading and cutting-edge Mobile Financial Services Platform.

This strengthens Ericsson's position as a technological leader in providing the most sophisticated and creative Mobile Financial Services while also helping Africa's economic development.

Source Credit - https://www.ericsson.com/en/news/2021/9/orange-mea-selects-ericsson-wallet-platform