Sonatel (Senegalese operator) and banking group BICIS have signed a contract to develop Orange Money as the country’s first mobile bill paying and domestic money transfer service. Sonatel and BICIS have met the regulatory and technical pre-requisites to offer the service next year. To transfer money to other Orange money user, the fund, have to be deposited into their Orange Money account at an accredited partner’s location. At any accredited outlet, customer will be able to withdraw money from their Orange account. For the Validation and Confirmation of transactions and a PIN number for security, SMS can be used. Customers will be able to buy Orange Mobile top-ups from their Orange Money account.

Wireless Mobile Telecom Wireless News