International money transfer launches in Madagascar

Details: James Barton; Category: Mobile Finance; 03 August 2012; 10120 views

A new online money transfer service is launching in Madagascar, allowing customers to receive international remittances directly to their accounts...

A new online money transfer service is launching in Madagascar, allowing customers to receive international remittances directly to their accounts. The Orange Money Transfert International service, launched in conjunction with MFS Africa, operates via the Orange Money service which launched in Madagascar in 2010. The international remittance service extends the benefits of Orange Money to the Malgache diaspora community in France and elsewhere.

International customers simply register on the website, proceed to pay with most major bank cards, and remit funds to Madagascar with seamless delivery within minutes. The secure and convenient web portal is provided and operated by MFS Africa. The service is a first step in a growing partnership between Orange Madagascar and MFS Africa to introduce simple and relevant financial services.

“Our intention with Orange Money Transfert International is to lower the cost of sending money back to Madagascar while making it more convenient for both senders and receivers. We believe this ultimately benefits Madagascar Diaspora members and their families back home” said Jean-Luc Bohe, Chief Executive Officer of Orange Madagascar.