Orange Money reaches 300,000 customers
Wednesday, August 26, 2015
Boga Chilinde.PIC.KENNEDY RAMOKONE
In a statemenet relased this week, the company said by the end of July, there were 294 124 customers on Orange Money, constituting 64% of the market share.
The Orange Money facility allows customers to deposit and withdraw money from an Orange Money account, transfer money from person to person (both Orange and non-Orange customers) within Botswana, to top up airtime on one’s mobile account, pay for goods and services such as Dstv, buying of prepaid electricity, payment of postpaid bills and insurance premiums, as well as payment of salaries and allowances.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...