Orange Money evolves into a standalone
Orange Botswana, the country’s second biggest mobile telecommunications company, plans to separate the telco business from the mobile financial services business operations.
This follows the registration of Orange Money Botswana as a standalone company last year. Speaking on Wednesday during Orange Money 10th year celebration, Orange Money Chief Executive, Seabelo Pilane said they are currently engaged in a transformation project to speed up this process. “2021 does not only mark the celebration of turning 10, but is also a significant year in terms of evolution of Orange Money as it transforms into a subsidiary of Orange Botswana,” said Seabelo in a prepared speech.
He disclosed the separation will also enable them to drive the mobile financial services strategy for the group. The formation of Orange Money was also necessitated by the coming into existence of Electronic Payments Regulations of 2019, which set out to establish the licensing and oversight Electronic Payment Service Providers in the country. Pilane who has been with Or
ange Botswana group for years, is content about the success of Orange Money so far. “Orange was the first to introduce mobile money services by rolling out Orange Money in 2011; the typical question on the market was whether it had a fighting chance, considering that mobile money services traditionally have limited success
in markets that have a high banked population such as Botswana, however, we were silently confident and stood the course and today, we are proud to say Orange Money is the leading mobile financial services provider in the country since its inception 10 years ago,” he said.