Botswana: Orange Money, Cellulant launch card-to-wallet transfer solution

By : Samira Njoya

Date : mercredi, 14 septembre 2022 12:58

The partnership between the two companies addresses several issues, including transparency problems. It also helps avoid the long bank queues.  

Orange Money and pan-African payment company Cellulant recently partnered to launch card-to-wallet transfers for eight banks in Botswana. 

According to a release published by Cellulant last Monday, the solution baptized Orange Money Card-To-Wallet will positively impact growth in the informal and financial services sectors. 

The introduction of Card-To-Wallet aligns with our financial inclusion strategy that is centered around providing relevant and convenient solutions that address our customers’ everyday needs, as well as addressing our priorities around placing our customers first,” said Seabelo Pilane, CEO of Orange Money Botswana.  

For  Bathusi Beleme, Cellulant's Country Manager in Botswana, the partnership is in line with the payment company’s strategy to extend its services to “merchants in Botswana to help them digitize their payments.”

The service is already accessible to banked Orange Botswana subscribers. It will allow them to transfer funds from their bank cards to Orange Money wallets via Orange Botswana’s website. The process is powered by Tingg, Cellulant's payment platform. 

The sender will need only a registered Orange SIM card while the recipient will need an Orange Money account. Although most banks in Botswana have mobile apps, some do not yet offer this option to their customers. This solution, therefore, offers bank customers more options and allows them to transfer money easily and transparently, saving a lot of time.

 In its 2021 report, "The State of Instant Payments in Africa: Progress and Prospects," independent organization AfricaNenda says that, in Africa, 27.5 billion transactions were made by mobile payment accounts in 2020. The overall transaction value was US$495 billion. Year-on-year, the transaction number rose by 15% while the value increased by 23%.

Samira Njoya

TECH STARS

Please publish modules in offcanvas position.