Orange Botswana and Visa announced on Tuesday that Orange Money subscribers in Botswana will have access to funds 24 hours a day by withdrawing money at ATMs and making purchases wherever Visa is accepted.
“This partnership demonstrates the existence of strong synergies between financial institutions and telecommunication operators as a way to improve financial inclusion,” Orange Botswana CEO Elisabeth Medou Badang said. “The online payment feature that we bring constitutes a phenomenal opportunity for the development of e-commerce for all, including the unbanked. We strive on a daily basis to provide convenience to our customers while making their lives easier with enhanced customer experience”.
The current OM service allows customers to use their mobile devices to transfer funds to any mobile subscriber in the country, buy airtime and pay bills.
OM subscribers must apply for an OM prepaid Visa card, which will be linked to their existing OM account. Subscribers will also be able to obtain OM prepaid Visa cards from all OM dealers in the near future.
“We are delighted to launch this exciting new service first with Orange Botswana,” Dougie Henderson, the head of emerging products and innovation for Africa at Visa, said. “This is a significant milestone in Visa’s strategy to drive financial inclusion, bringing Visa capabilities to mobile money services in Africa.”
Botswana is the first country of collaboration between Visa and Orange, following the announcement of a strategic agreement between Orange and Visa last year.