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   Details    James Barton    Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html)     10 March 2020     7342 views   

 

  ![Morocco becomes latest market for Orange Money](https://developingtelecoms.com/images/stories/Places/800x600/Marrakech_Jemaa-el-Fna_600.jpg)  

 

Orange Money is launching in Morocco.

The group’s local unit received approval for the service last summer from Morocco’s Bank Al Maghrib. The launch makes Morocco the 18th country in Orange’s Africa and Middle East footprint to offer the mobile money solution.

The service allows mobile phone users to carry out financial transactions, pay for phone recharges remotely or withdraw money from their Orange Money wallets at points of sale approved by Orange Money Maroc. Non-Orange customers can also take advantage of the service by downloading the mobile application.

A key driver in the continent’s economic growth, Orange Money is a real vehicle for increasing the financial inclusion of populations and the digitalisation of the continent. Orange aims to expand its offering to include more services with a seamless customer experience.

Launched in 2008, the Orange Money mobile money solution allows millions of people excluded from the banking system to be able to deposit, withdraw, transfer and make payments easily and simply from their mobile phone, with complete security. 12 years on since its launch, Orange Money continues to record exponential growth. The service is now available in 18 countries, with 45 million active users registering €2.6 billion in transactions during 2019 alone.

 

 

   
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