The Pan-African financial services group, United Bank for Africa Plc (UBA) and leading European and African telecom operator, Orange, have announced a strategic partnership to deliver innovative financial services across Africa, including Liberia, with an agreement to jointly collaborate on the promotion of Orange Money.
The Memorandum of Understanding (MOU), which was contained in a statement delivered by the Chairman of the UBA Group, Mr. Tony Elumelu, said UBA and Orange have a long standing history of financial services innovation and their joint commitment to Africa makes them natural partners.
Orange Money, he said, will enable customers to transfer money from their mobile phones to other account holders domestically and abroad, as well as providing bill payment and other customer focused solutions.
“UBA is a leader in electronic banking, for both individual and corporate customers, and with presence in 19 African countries and over 14 million customers in Africa, has one of the largest pan-African banking networks,” Elumelu said.
“We are delighted to see the fruition of this partnership, which is capable of revolutionizing mobile money payments across the continent and is very clear evidence of UBA’s commitment to Africa’s development and delivering financial inclusion to Africans.”
Also at the signing ceremony were Mr. Emeke Iweriebor, CEO UBA Africa and Marc Rennard, Chairman and CEO of Orange Middle East and Africa.
“UBA, with its extensive network on the continent and large customer base is the banking group of choice for us in this project and we are delighted with this partnership” Marc Rennard stated.
He reiterated that the two institutions are committed to collaborate on the delivery of innovative and convenient payment options to customers and implement a range of mobile financial services in African countries, where UBA and Orange Money platforms operate.
For his part, Mr. Iweriebor also recognized the extraordinary revolution occurring in the digital banking space and said UBA is committed to providing customers with service excellence, built around efficient and trustworthy platforms.