Orange Money partners with Wirecard to enhance digital payments

Reportedly, the partnership between Wirecard and Orange has facilitated the telecom company to become a forerunner in mobile payment innovations.

The digital financial technology supplier Wirecard has reportedly announced that it has collaborated with Orange S.A., a telecommunication provider, to offer digital payments and banking services to the customers. The services provided will enable contactless payments with virtual and physical Orange Money debit cards, Fitbit and Germin smartwatches, and smartphones.

Reportedly, the partnership between Wirecard and Orange has facilitated the telecom company to become a forerunner in mobile payment innovations. The company has raised over 500,000 users within the first two years with Wirecard responsible for implementing and developing all technical and financial processes based on requirements and design of Orange.

According to reliable sources, Orange’s Romanian users will now be able to avail services such as transferring money using individually assigned IBAN code, P2P (Peer-to-Peer) instant transfers using mobile numbers, pay utility bills, recharge Orange Prepay accounts, manage card limits, perform internet purchases via virtual card in the app, lock and unlock the card instantly as well as reset the card PIN.

Haris Hanif, CEO, Orange Money Romania has reportedly highlighted the significance of the collaboration to the market of Romania to offer class service to its consumers. Utku Ogrendil, Managing Director Romania, Wirecard, reportedly stated that the company is focused on its mission to provide cutting-edge digital financial solutions. The collaboration with Orange is an important part of the vision to create a cashless future, he further added.

For the record, Orange also provides services in authorization – including card management, 3Dsecure, tokenization as a VISA certified NFC solution transaction processing and settlement; card issuing; personalization, and all call center services.

For the uninitiated, Wirecard, founded in the year 1999, is a German company which offers risk management, electronic payment transaction solutions, and issuing and processing of physical and virtual cards to its customers.

Source credit: https://ibsintelligence.com/ibs-journal/orange-money-collaborates-with-wirecard-for-enhancing-digital-payments/

https://www.wirecard.com/company/press-releases/wirecard-collaborates-with-orange-money-to-launch-innovative-new-digital-payment-and-banking-service-in-eastern-europe