Ivorian financial inclusion / mobile money: an operator launches an electronic payment card



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This solution, which proves to be an innovation in the digital payment sector in Côte d'Ivoire, offers an alternative to the population of doing business in the Automated Teller Machines (ATMs) / ATMs (ATMs) Visa network.

million. Marius Yao, managing director of Orange money Côte d'Ivoire, said the card will allow customers over 21 to pay for purchases in stores and outlets equipped with an electronic payment terminal and buy articles on the Internet.

Launched over the past decade, Mobile money services have increased financial inclusion in the country and simplified the lives of citizens who can now perform multiple financial transactions, such as money transfer, collection of funds, the payment of bills and wages.

In the first quarter of 2018, this operator, leader of the mobile telephony in Ivory Coast, posted a transaction close to "13 billion Fcfa per day and an electronic currency in circulation amounting to 93.5 billion Fcfa ". Today, it records "about Fcfa 15 billion transactions per day for more than 6 million customers."

For its part, the Regional Director of the US Visa Group for West and Central Africa, Ismahill Diaby, welcomed this partnership that will allow users to have a digital payment experience.

In Africa, where the Orange Group has more than 30 million Mobile Money customers in 17 countries, Côte d'Ivoire becomes the first subsidiary of West Africa and the third African subsidiary to offer this payment card after Botswana and Cameroon.

AP / ls / APA
        

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