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Orange launches international money transfer service, Orange Money

Orange, one of the largest operators of mobile and internet services in Europe and Africa has announced the launch of Orange Money to allow customers in France to transact with and make money transfers to customers in Cote d’Ivoire, Mali and Senegal. “We are delighted to offer the Orange Money solution to our customers living in Metropolitan France and particularly to those with a link to Africa,” said Patrick Roussel, Orange France Consumer Sales Director. The Orange Money service was launched in Cote d’Ivoire in 2008 and now has over 18 million customers in 14 African countries and also has... View Article

Jumia launches online payment solution

Jumia, Nigeria’s No. 1 online retailer and Pan-African leading e-commerce announced in August 2016, the launch of Jumia Pay, a third-party payment solution aimed at providing a safer, faster and more convenient online payment solution across the 23 countries in which the company operates. “Jumia Pay has a very simple yet crucial objective: go even further in providing a safe, a secure and a convenient shopping experience to our customers, building trust along the way between us, our thousands of sellers and our millions of customers. We are very proud to be able to offer this new service to our... View Article

Bank of Zambia launches collateral registry

While much attention was drawn to the recent presidential elections, the Bank of Zambia (BoZ) and the Patents and Companies Registration Agency (PACRA) recently announced the launch of a collateral registry. The registry is intended to facilitate SMEs to access funding using other forms of movable property as collateral security. “The launch of collateral registry will increase access to funding, especially for SMEs, and lead to better terms for loan contracts. Currently many SMEs are excluded from the formal credit market largely because they lack assets that can serve as collateral, although they may generally have a wide array of... View Article