Orange Money and JUMO Forge Alliance to Boost Credit Access Across Africa
In a significant stride towards enhancing digital financial services across the African continent, Orange Money, a leading mobile money operator, and JUMO, a prominent banking as a service fintech provider, have announced a strategic partnership. This collaboration is specifically designed to broaden Orange Money Group’s service portfolio by introducing expanded microcredit solutions, primarily targeting Africa’s vast unbanked populations. The initiative underscores a shared commitment to leveraging technology for greater financial inclusion.
# Accelerating Digital Credit Solutions for Financial Empowerment
This partnership marks a pivotal moment in the evolution of Orange Money’s offerings, which have already revolutionized digital transactions through highly utilized transfer and payment services. Aminata Kane, CEO of Orange Money Group, articulated the group’s vision, stating, “After developing transfer and payment services used thousands of times every second, we now aim to support our customers in their personal projects, as well as help them manage everyday emergencies.” Kane further elaborated on Orange Money’s recent expansion into accessible small loan offers, noting, “By partnering with JUMO, we aim to accelerate this momentum, roll out these services across a wide range of countries, and combine our expertise with their technology to deliver support that is even faster, more transparent, and better tailored to the needs of all our customers.” This statement highlights the strategic intent to fuse Orange Money’s extensive customer reach with JUMO’s technological prowess. With an impressive footprint of over 100 million customers spanning sixteen countries across Africa and the Middle East, Orange Money is uniquely positioned to scale these enhanced credit services, leveraging JUMO’s platform to deliver seamless, efficient, and user-centric financial support.
This collaboration between Orange Money and JUMO is poised to significantly impact financial accessibility in Africa. By extending crucial microcredit services to those traditionally excluded from formal banking systems, the partnership not only addresses immediate financial needs but also fosters long-term economic empowerment. It represents a potent combination of mobile money’s ubiquity and advanced fintech capabilities, driving financial inclusion and supporting the digital transformation of African economies.
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