Orange MEA, Mastercard sign mobile financial services deal

Orange Middle East and Africa and Mastercard have announced a strategic partnership to enable Orange Money wallet holders to access digital payments in Cameroon, the Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal and Sierra Leone.

Paula Gilbert, Editor

October 29, 2024

2 Min Read
Orange Money Group's Aminata Kane and Mastercard's Amnah Ajmal smile while holding up an oversized cardboard image of a bank card
Aminata Kane, CEO of Orange Money Group for Middle East and Africa, and Amnah Ajmal, Mastercard executive VP for market development in EEMEA. (Source: Orange Middle East and Africa)

Orange Middle East and Africa and global payments firm Mastercard have announced a strategic partnership to expand access to mobile financial services across sub-Saharan Africa.

The telecoms operator said the collaboration is one of the largest of its kind in the region and aims to enable millions of Orange Money wallet holders to access digital payments through Mastercard’s global network of merchants by 2025.

The partnership will be rolled out in seven countries including Cameroon, the Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal and Sierra Leone.

With a large portion of Africa's adult population remaining unbanked, the deal is "designed to accelerate financial access, contributing to the financial empowerment of underserved communities", the group said.  

Through the partnership Orange Money's customers will be able to obtain a virtual or physical debit card, linked directly to their Orange Money wallets.

Customers can request a virtual debit card via Orange's super app, Max it, and collect a physical card at a designated Orange Money Mastercard point of sale.

African man smiles while walking down the street and looking at his smartphone.

Aminata Kane, CEO of Orange Money Group for Middle East and Africa, said that the collaboration will allow users to pay with the Mastercard card linked to their Orange Money wallet when they travel internationally, and give them access to secure online shopping all over the world. 

Related:More African SMEs embracing digital payments – Mastercard

Orange has 37 million active Orange Money accounts in 17 countries in Africa and the Middle East.

"Our collaboration with Orange Money represents a significant step in unlocking the full potential of digital financial services across Africa, enabling millions to participate in the global economy," added Amnah Ajmal, executive vice president for market development at Mastercard Eastern Europe, Middle East and Africa (EEMEA).

Mastercard ramps up African deals

Mastercard has done several deals in Africa and the Middle East over the past few months.

In March 2024, MTN Group and Mastercard launched a prepaid virtual bank card for MTN Mobile Money (MoMo) customers across 13 markets in Africa, as well as a physical Mastercard companion card.

This came after Mastercard in February 2024, invested US$200 million into MTN Group's fintech business, expanding on a larger commercial relationship.

In April 2024, Mastercard and payments company, Onafriq, partnered to enable digital commerce for consumers and small- and medium-enterprises (SME) across the continent.

In September 2024, Mastercard and Amazon Payment Services signed a multi-year commercial partnership agreement to digitize payment acceptance for merchants in 40 markets in the Middle East and Africa, including Egypt and South Africa.

Related:Mastercard invests $2M to support African content creators

About the Author

Paula Gilbert

Editor, Connecting Africa

Paula has been the Editor of Connecting Africa since June 2019 and has been reporting on key developments in Africa's telecoms and ICT sectors for most of her journalistic career.

The award-winning South Africa-based journalist previously worked as a producer and reporter for business television channels Bloomberg TV Africa and CNBC Africa, was the telecoms editor at online publication ITWeb, and started her career in radio news. She has an Honors degree in Journalism from Rhodes University.

Paula was recognized by Empower Africa as one of 35 trailblazers who shaped Africa's tech landscape in 2023 and she won the Excellence in ICT Journalism category at the MTN Women in ICT Awards in 2017.

Travel is always on Paula's mind, she has visited 40 countries so far and is currently researching her next adventure.

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