Grace Ashiru
Orange Money, a mobile money service, and Cellulant, a pan-African payments company, have joined forces to make it possible for eight banks in Botswana to transfer money from a card to a wallet.
According to a statement reviewed by TechCabal, the Orange Money Card-To-Wallet service would enable clients to transfer money online from any bank account to an Orange Money wallet.
The person sending the money doesn’t need an Orange Money account. All they need is a registered Orange sim card.
On the other hand, the person receiving the money needs an Orange Money wallet. All Orange Botswana customers with a bank account can use the service.
Through Tingg, Cellulant’s digital payments platform, customers can also use their Visa or Mastercard debit and credit cards to buy airtime and other mobile network operators’ services. Customers with bank cards from Botswana’s eight banks will be able to move money from their cards to any Orange Money wallet. This is made possible by Orange Money’s large network.
By providing this service, we are reiterating our dedication to making a constructive contribution to the expansion of the informal and financial services sectors.
The introduction of Card-To-Wallet is in line with our strategy for increasing financial inclusion, which is focused on providing relevant and convenient solutions to our clients to meet their day-to-day requirements. In addition to addressing our priorities, which centre on putting the needs of our clients first! ” stated Orange Money CEO Seabelo Pilane.
Cellulant Botswana’s country manager, Bathusi Belem, said of the partnership, “We’re happy to work with Orange Money Botswana to power payments for their Card-to-Wallet service.”This is in line with our plan to help merchants in Botswana digitize their payments by making our services available to them.
Statistics show that Orange Money is now in the lead in the mobile money business in Botswana. Since its introduction in 2011, the company has processed more than P4.5 billion (about $351 million) in transactions, giving it a market share of 30%.
