back Back

Orange Finances Money Mali & TerraPay partner for seamless cross-border payments

By Delisha Fernandes

January 09, 2024

  • Africa
  • Bangladesh
  • Bill Payments
Share

TerraPay, Safaricom, M-pesa, Africa, Kenya, London, India, Nepal, Bangladesh, Pakistan, Southeast Asia, Cross border Payments, Mobile payments, Digital transactionsOrange Finances Money Mali, an e-money service provider under Orange Mali, has partnered with TerraPay, a global cross-border payments network.

This partnership marks a significant milestone in the digital financial landscape for Mali, connecting over 12 Million Malians to the vast diaspora residing across the globe, including other African countries.

Djeneba Tandjigora, Chief of Transfer Services and Core Business at Orange Finances Money Mali, stated, “Orange Money Mali customers can now receive money transfers from several countries using TerraPay’s global network. This strategic collaboration simplifies transactions, making them quick and secure, enhances the customer experience for Orange Money users and strengthens financial inclusion in Mali.”

Bringing together Orange Finances Money Mali’s commitment to promoting financial inclusion and TerraPay’s proven expertise in facilitating secure cross-border payments, this partnership is set to empower Malians with innovative and seamless financial services.

Financial inclusion continues to be one of the biggest challenges across West Africa, and Orange Finances Money Mali has been dedicated to bridging this gap by striving to boost accessibility and inclusion through its services. One of the key highlights of this alliance is the ease with which Orange Money Mali customers can either cash out the funds received in their wallets or directly use them for everyday needs, including bill payments, supermarket purchases, and person-to-person transfers.

Amel Kane, Regional Sales Manager Francophone West Africa at TerraPay, said, “With a direct connection to Orange Finances Money Mali, TerraPay can ensure a seamless cross-border payment experience, reducing operational issues and providing prompt assistance to our partner’s clients. This collaboration reinforces our commitment to expanding our direct rails and continually improving our service offerings,” stated Amel.

The e-money service provider and TerraPay’s strategic partnership not only strengthens connectivity between Mali and the global financial network but also positions both entities for accelerated growth in the digital payments landscape. The convenience and accessibility offered by this collaboration will undoubtedly benefit industry players, the public, customers, and merchants alike.

Previous Article

January 08, 2024

COCA and Wirex launch MPC wallet with non-custodial debit card

Read More
Next Article

January 09, 2024

Qashio & CredibleX launch financing solution for SMEs in MENA

Read More








IBSi Daily News Analysis

South East Asia

February 28, 2024

Africa

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Enfuce receives e-money licence to boost UK expansion

Read More

Today

DCB Bank leverages NPST’s ODR solution for dispute management

Read More

Today

Mastercard & MTN Group Fintech to bolster mobile payment services in Africa

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023