Orange, the UK headquartered mobile service provider, has signed up its 10 millionth customer of Orange Money.
In 2013 $3bn in transactions were sent through Orange Money.
Orange Money has success in Africa and the Middle East, although has not yet brought the wallet to other regions.
The wallet has found success due to the regions large unbanked but mobile phone carrying population.
In much of the rest of the world mobile wallets have yet to become mainstream, with Google and O2 both having to rethink their strategies.
In February Orange and Visa Europe have launched a new mobile wallet service called Orange Cash in the French cities of Caen and Strasbourg.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn March, Orange Business Services and technology infrastructure providers SIA have signed an agreement to provide a mobile POS service in Europe.
UK mobile operator O2 closed its mobile wallet in March 2014 after failing to gain sufficient traction after 18 months on the market.
Stéphane Richard, CEO of Orange, awarded a smartphone with $210 of the virtual currency to the lucky 10 millionth customer in Dakar, Senegal.
Orange Money is available in 13 countries: Botswana; Cameroon; Cote d’Ivoire; Egypt; Guinea; Jordan; Kenya; Madagascar; Mali; Mauritius; Niger; Senegal, and Uganda.
Related articles:
Orange Business Services and SIA to provide mobile POS service
Orange, Visa Europe partner to launch NFC mobile payment solution in France
Banco Popular and Orange launch m-payments for Dominican Republic