Orange Money is the cellular giant's mobile money platform which provides a form of banking services to unbanked individuals by using the wireless company's network coverage.Botswana is the first country in the world where Orange and global payments leader, Visa, are collaborating to allow mobile money subscribers to make Visa transactions. The new feature allows online payment without the need of having a plastic card. A virtual card can be requested easily from the Orange Money menu, giving access to e-commerce possibilities.
Speaking at the launch Tuesday, Orange Botswana CEO Elisabeth Medou-Badang said the system would bridge the gap between the banked and the unbanked. "We are proud to be the first country in the world and the world's first realisation of the strategic partnership between Orange and Visa," she said."With this launch, we move a step further in our journey to providing financial services to the unbanked and by doing that reducing cash transactions and including more people in the formal economy".The current Orange Money service allows customers to use their mobile phones to transfer funds to any mobile phone subscriber in the country, pay electricity, buy airtime and pay bills.
