Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

FinTech

Orange Money Offers Ivory Coast Users a Payment Card

Article Image
Ivory Coast has become the third market in Africa where mobile finance services specialist Orange Money offers its customers a payment card to use alongside its digital account.

With the offer already available in Botswana and Cameroon, Orange Money has teamed up with Visa and Banque Atlantique to offer users aged 21 or more in Ivory Coast a payment card that can be used to make in-story purchases, withdraw cash from ATMs and make online purchases.

The service was announced today by Marius Yao, managing director of Orange Money Ivory Coast. Such developments are important because only about 10% of the Ivory Coast population of about 23 million people has an account with a traditional bank or other non-digital financial services organization, so offering alternatives empowers individuals. According to the GSMA, more than 25% of Ivory Coast's adult population has a mobile money account, with Orange Money the market leader, followed by MTN.

At the end of the first quarter of this year, Orange Money had 36.7 million customers across Africa, of which 35.2% were active users. It launched its first mobile money service in Ivory Coast in 2008 and now offers the service in 17 markets across Africa and the Middle East. (See Orange's AME Recovery Continues in Q1.)

Orange Ivory Coast had more than 12.7 million customers for its mobile services at the end of March.

Ray Le Maistre, Editor-in-Chief, Light Reading for Connecting Africa.

Innovation hub

Story

Four agritech startups to watch in 2024

Connecting Africa has compiled a list of four agritech startups that are making a difference in the communities they serve.

Story

Paymentology looks to strengthen its African roots

Global issuer-processor Paymentology's CEO Jeff Parker spoke to Connecting Africa about the company's African roots and aspirations to work with more banks, fintechs and enterprises both on the continent and globally.

More Innovation hub

Latest video

More videos

Partner perspectives

All Partner Perspectives

Sponsored video

More videos

Industry announcements

More Industry announcements

Upcoming events

Africa Tech Festival 2024
November 11-14, 2024
Cape Town, South Africa
More Upcoming events

Africa Tech Perspectives

Story

Uber's Marjorie Saint-Lot on inclusion and sustainability in Africa

Uber's Country Manager for Ghana and Cote d'Ivoire, Marjorie Saint-Lot, shares how the ride-hailing company is approaching public-private partnerships, environmentally friendly initiatives and gender inclusion in Africa.

Story

The 100 most influential African leaders in 2023

A new report from Africa Tech Festival and Connecting Africa puts a spotlight on the top 100 African leaders in the telecoms and technology sector in 2023.

Story

Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

More Africa Tech perspectives

Guest Perspectives

Story

Omdia View: February 2024

By Omdia Analysts

Highlights in February 2024 in the Middle East and Africa included 5G launches in Senegal and 5G trials in Egypt as well as Kenya's first 5G MVNO. Airtel also launched a new wholesale connectivity business while MTN and Huawei are planning a joint Innovation Technology Lab in South Africa – that and more in this month's Omdia View.

Story

Omdia View: January 2024

By Omdia Analysts

Highlights in January 2024 in the Middle East and Africa included a $200 million fintech deal between MTN and Mastercard as well as 5G network trials by Telecom Egypt – that and more in this month's Omdia View.

More Guest Perspectives

Like us on Facebook

Newsletter Sign Up


Sign Up
Tag id test-002