Orange to launch mobile banking service in France
Telecoms giant Orange is set to launch a mobile banking service in France in July, following successful trials among staff. The Orange Bank service will include traditional offerings such as bank accounts, a debit card, overdraft protection and an interest-bearing savings account, as well as innovations such as contactless mobile payment and 24/7 access to a virtual assistant, with other services to be rolled out later. Orange CEO Stéphane Richard said the company aims to use its distribution network and expertise in digital services to meet customers' expectations and adapt as their needs evolved.

Telecommunications giant Orange has unveiled a mobile banking offering which is due to be launched to the public in July, following a trial with Orange employees in France.



Customers will be able to subscribe to the new service directly from within the mobile application, online or in-store. The offer will provide customers with a bank account, a debit card, overdraft protection and an interest-bearing savings account. Additional services, such as credit and insurance, will be gradually introduced over the coming months.



Orange Bank will include a number of emerging innovations, including contactless mobile payments, sending money via SMS, instant bank balances, temporary freezing of the debit card and 24/7 access to a virtual assistant advisory service.



Stéphane Richard, chairman and chief executive officer of Orange, commented: “Orange Bank will build on the professional skills of its banking experts, the disruptive capability of its partnerships with start-ups and of course the traditional assets of Orange: its distribution network, its expertise in digital services as well as its financial strength.



“By bringing together these different sources of energy, we will be able to meet the expectations of our customers in a way that enables us to permanently adapt ourselves as their needs evolve.”

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