With the oncoming payment service regulations looming, Orange Botswana has decided to absorb Orange Money as a subsidiary.
Following the new reserve bank regulations, the licensing operations of e-payment services will be governed. These regulations are expected to ensure that the electronic payment service is kept as a separate entity from the business units of the licensee.
In the wake of these regulations, Orange Botswana has announced the assimilation of Orange Money, thereby helping their efforts to grow their fintech market strenght.
“We are currently engaged in an internal transformation project to complete the separation of the telco and mobile financial services operations.”
Seabelo Pilane, Chief Executive Officer, Orange Money
