France Telecom-Orange (NYSE:FTE) and Visa Inc. (NYSE:V) have said that Orange Money customers will soon have access to Visa prepaid account features inside their Orange Money accounts – a significant step in bringing Visa-quality payments to consumers in developing markets.
Orange Money is the mobile phone-based payment service designed by Orange to meet the needs of customers in Africa and the Middle East. It offers Orange subscribers applications such as person to person transfers, bill payments, and agent-based cash-in and cash-out services for loading or withdrawing funds. Launched in cooperation with local bank partners, the service was first introduced in 2008 and is presently available in eight countries across Africa and the Middle East. Orange plans to introduce Visa payment capability to Orange Money subscribers in select markets by the end of 2012.

