HALISTER: Orange to Compete With Western Union in Africa Transfers: Echos

Orange to Compete With Western Union in Africa Transfers: Echos

(Bloomberg) -- Service begins with transfers from France to Ivory Coast, Mali and Senegal, with more than 30,000 pickup points, newspaper says.
  • Company expects 10,000 customers, 20% market share in first year
  • To cost 3 to 8 euros for transfers of 400 euros or less
  • Operator’s Orange Money service already has 18 million users in sub-Saharan Africa
  • Only available to Orange customers.
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ORA FP (Orange SA)
WU US (Western Union Co/The)

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