September 9, 2016 IBOMLLC Team

Orange Money Compliance Expertise Center launched in Abidjan to accelerate Mobile Financial Services in Africa

Orange Money Compliance Expertise Center launched in Abidjan to accelerate Mobile Financial Services in Africa

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Orange accelerates Mobile Financial Services in Africa and sets up the Orange Money Compliance Expertise Centre (CECOM), a Mutualized Compliance Centre in Abidjan devoted to Orange Money

With the recent receipt of Electronic Money Establishment licenses (EME) in four countries (Senegal, Mali, Côte d’Ivoire and Guinea), Orange has further strengthened its position as a major player in the mobile financial services segment in Africa

With the recent receipt of Electronic Money Establishment licenses (EME) in four countries (Senegal, Mali, Côte d’Ivoire and Guinea), Orange (www.Orange.com) has further strengthened its position as a major player in the mobile financial services segment in Africa.

This change of status is accompanied by the creation of a new organization, CECOM, which provides mutualized risk and compliance management for its mobile money activities in these countries.

A favorable environment

In 2015, noting the significant growth of mobile money services within the Economic Community of West African States (ECOWAS), the Central Bank of West African States (BCEAO) published an update of the regulatory framework related to such services. This change, initiated in similar fashion by the Central Bank of the Republic of Guinea (BCRG), …read more

Read more here:: Orange Money Compliance Expertise Center launched in Abidjan to accelerate Mobile Financial Services in Africa

      

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