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Orange to launch bank in July

Tom Belger | 16:52 Friday 5th May 2017

Orange has revealed that it will be launching its bank offering to the public from 6th July.

Orange Bank is a 100% mobile banking offer that has been created by digital experts.

The offer will be made available in France to Orange employees from mid-May and launch to the French public in July.

Customers can subscribe directly from the mobile application, online or in one of Orange's 140 certified stores.

Orange Bank 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 gradually be included in the offer.

Customers will also be able to send money by SMS as well as have instant bank balanced, temporary freezing of the debit card and 24/7 access to bank advisory service.

Orange's objective is to reach €400m (approximately £335m) in revenues in 2018 in the financial services field across all markets as the bank aims to have more than two million customers in France.

Stéphane Richard, chairman and CEO of Orange, said it was writing an important new chapter in the group's history.

“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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