Côte d’Ivoire-based bancassurance dealer NSIA has teamed up with France-based telecom provider Orange to launch Orange Bank Africa in Côte d’Ivoire.
Orange Bank Africa will address the needs of the underserved population in West Africa, allowing them to borrow and save small amounts of money.
Go deeper with GlobalData
The lender will offer a suite of savings and microcredit services to its clients regardless of their income or living conditions.
The services are accessible via mobile phone.
The bank customers can borrow as little as CFA5,000 ($8.85) instantly using their mobile phone via Orange Money service.
Orange Bank Africa plans to expand into Senegal, Mali and Burkina Faso countries in West Africa.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataOrange chairman and CEO Stéphane Richard said: “Banking is a new area of business for Orange in Africa.
“Based on our association with NSIA, we provide easy access to bank services for as many people as possible, with simple and essential services that benefit all our clients.”
Founded in 1995, NSIA Group has been offering banking and insurance solutions to address the needs of people in Africa.
NSIA CEO Jean Diagou said: “We know that electronic banking is vital for the financial inclusion of our customers.
“We are proud to have combined our expertise and human capital with that of Orange to create the fully digital Orange Bank Africa.”
