Orange Money and Bank of Africa will be rolling out a mobile money transfer service to their customers on the continent this year.

People will be able to use their handsets to transfer money directly from their Orange Money account to their Bank of Africa account, and vice versa.

Orange customers will also have the opportunity to carry out secure real-time banking operations, such as paying for goods, services and utility bills.

The large network of licensed Orange Money distributors will also supplement the existing network of 450 Bank of Africa branches, providing more places to withdraw cash.

The new mobile service has been available in Madagascar since August, and will be extended to Côte d’Ivoire, Mali, Senegal, Niger and the Democratic Republic of the Congo in the coming months.

Orange and Bank of Africa said that this was the first step “in a range of innovative financial services” that will be developed by the two companies.

“The partnership with Orange Money enhances our range of services enabling us to increase customer proximity while offering high quality, simple and useful services,” explained Alfa Barry, deputy director in charge of marketing for the Bank of Africa Group. “This new service is also an ideal solution that meets our customers’ desire to carry out financial transactions any time and wherever they are.”

Marc Rennard, senior executive vice president, Africa, the Middle-East and Asia at Orange, added: “The partnership between Orange and Bank of Africa illustrates Orange’s ambition to offer its customers high quality services that are both easily accessible and easy to use. Our respective businesses complement each other, making it easier for customers to manage their money using their mobile, wherever they are in the country and at any time of the day.”

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