Orange has announced the launch of its new banking platform in France.
The mobile-only platform will provide real-time balances, mobile payment and a virtual adviser that is available 24 hours a day, seven days a week.
Via the Orange Bank platform customers can send money by SMS and temporarily deactivate or reactivate their card.
Orange Bank customers also have access to a network of stores with 890 specially trained intermediaries in bank operations and payment services employees in 140 authorised stores.
Opening an account with Orange provides a fee-free current account (if the means of payment linked to the account –card or mobile – are used at least three times a month), a bank card, an authorised overdraft, a free complementary insurance package and a savings account remunerated at 1% interest.
The group intends to gradually introduce new services, such as personal loans or mortgages.
Orange Bank customers will also receive a welcome premium of €80 once they start using Orange Bank's means of payment, while Orange or Sosh customers will get an additional €40.
Stéphane Richard, the chairman and CEO of Orange, said: "With Orange Bank, this is an important new chapter in our history: Orange is now also a bank.
“A 100% mobile-based bank that is dedicated to providing an incomparable user experience.
“A bank that combines the best innovations available on the market today into a single offer.
“A bank that will listen to its customers and constantly enrich its offer and its features to meet their expectations.
“In short, a bank with the customer at its heart.
“I am particularly pleased that our customers can discover and benefit from it today."
Orange Bank aims to reach more than two million customers in France within 10 years.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Arbuthnot provides working capital facility to shower company
Arbuthnot Commercial Asset Based Lending (ABL) has provided a working capital facility to Majestic Shower Company...
Metro Bank names new NED
Metro Bank has announced the appointment of Catherine Brown as an independent non-executive director...
FP Show confirms Zopa co-founder as keynote speaker
James Alexander, co-founder and former CEO at Zopa (pictured above), has been named as the keynote speaker at the forthcoming Finance Professional Show...
Metro Bank provides £4m invoice finance line to healthcare business
Metro Bank has provided a £4m invoice finance line to medical insourcing specialist 18 Week Support Group...
Modulr to create over 30 new jobs in Scotland
Modulr has completed its latest funding round led by digital venture builder Blenheim Chalcot, which takes the latter’s total investment in the payments fintech to £10.5m...
Specialist banks answer need for products that ‘reflect the reality of today’s society’
Better service and products are the main reasons why a broker would use a specialist bank, according to the latest poll by Specialist Banking...
Leeds Building Society cuts rate on retirement interest-only mortgage
Leeds Building Society has reduced its five-year fixed rate on its retirement interest-only mortgage...
60% of people want to know where their money is invested
Six out of 10 people (60%) want to know where their money is invested, according to the latest research published by Charity Bank...
Why commercial banks are in danger of being left behind
Harnessing a customer-first, technology-led approach, retail banks are paving the way with innovation...
Aldermore supports Quba Solutions with £10m facility
Aldermore has provided a £10m finance facility to Dorchester-based Quba Solutions...
TSB announces new SME banking leadership team
TSB has revealed its new SME banking leadership team as it prepares to launch its business banking proposition later this year...