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Orange and Groupama have signed an agreement that aims to enable the development of Orange Bank, a 100% mobile banking service. This agreement concludes the exclusive discussions that have been ongoing between the two Groups since January and paves the way for the acquisition by Orange of a 65% stake in Groupama Banque. Groupama will retain [...]

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Orange is reported to be making a bold move into mobile banking by entering exclusive negotiations with Groupama to buy up to 65% of the insurer’s banking unit. France’s biggest telecoms operator, which has more than 28m customers, said the talks would allow it to push into banking services more quickly with the launch of Orange [...]

The post Orange moves into mobile banking as it looks to acquire Groupama appeared first on Payments Cards & Mobile.

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