Orange telecom has launched its mobile money wallet service. Orange money will be in partnership with Pride microfinance and Post bank to broaden the financial service to its customers.
Orange Uganda CEO Philippe Luxcey believes that Orange Money will build on its successes in other African countries.
“Orange Money has already been launched in several other markets across Africa and has a proven track record for its reliability and high level of security. By launching this service in Uganda in partnership with Post bank and Pride microfinance, Orange will provide the best possible mobile payment service for our customers,” he says.
Customers can use the platform to carry out simple banking transactions with Pride microfinance and Post bank. Orange plans to follow other players to enable customers to pay utility bills such as water and electricity.
“When sending money for the first time, an Orange Money customer will have to dial a number to confirm the transaction,” says Luxcey, adding that “when several transactions are logged within an hour, the customer will receive a message requesting confirmation; failure to confirm will automatically cancel the transactions.”
Customers will also be required to change their passwords from time to time and to enter a PIN in order to access Orange Money services including balance inquiry.