Orange and Mastercard unite to boost financial inclusion in Africa

Orange Middle East and Africa has announced a strategic partnership with Mastercard to expand mobile financial services across Sub-Saharan Africa, targeting seven countries – Cameroon, Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal, and Sierra Leone. The collaboration seeks to address the financial inclusion challenge in Africa, where only 48% of the adult population is banked, by empowering underserved communities and providing them with the financial tools they need.

Orange Money customers will have access to virtual and physical debit cards linked to their wallets, facilitating seamless transactions with local merchants and online platforms accepting Mastercard. With over 160 million customers and 37 million active Orange Money accounts, Orange is crucial in enhancing financial inclusion and offering accessible financial solutions. That partnership also underscores Mastercard’s commitment to advancing financial inclusion through technology, strengthening its position as a trusted technology partner for telecom companies in the region while aligning with Orange’s strategy to provide efficient payment solutions.

The collaboration represents a significant step toward unlocking digital financial services for millions across Africa and emphasises the region’s potential for innovation and economic independence. By leveraging their combined expertise, both companies aim to support growth, drive digital transformation, and contribute to a more inclusive financial landscape, ultimately enabling individuals to engage more effectively in the economy.