Paris, 8 November 2013 - Visa Europe and Orange have announced a strategic partnership that reflects the companies’ shared ambition to accelerate awareness and everyday usage of mobile contactless payment in France.
The initial step to deliver widespread availability of the innovative payments will be the launch of Orange Cash. The first prepaid product of its type to be launched in France, Orange Cash will enable Orange customers who have an NFC enabled smartphone to make contactless mobile payments simply and securely. Orange Cash is a solution designed and managed with Visa Europe member, Wirecard Card Solutions.
The partnership will enable consumers across France to pay for goods and services using their mobile phones. The number of contactless payment terminals in France has increased by 50% in the six months to September 2013.
Orange customers will be able to download the Orange Cash application, load funds onto their Orange Cash prepaid account with their debit, credit or prepaid card and start making contactless purchases right away. For all purchases over €20, a user-defined passcode can be entered to authorise the transaction.
Thierry Millet, Vice President - Mobile Payments and NFC, Orange, said: "Paying with your smartphone is a new function which will take off due to its practicality in everyday life. By launching Orange Cash, we want to accelerate the adoption of mobile payment generally and, of course, among our customers via a simple solution which offers many advantages. The partnership with Visa Europe increases our customers’ confidence and ensures acceptance of Orange Cash at a large number of sales points in France and abroad.”
Sandra Alzetta, Executive Director – Mobile, Visa Europe, said: "Our partnership with Orange marks a significant step in the adoption of mobile payment. This agreement is based both on Orange’s unique expertise in NFC and Visa’s technologies, and the trust placed in our respective brands. This partnership is in line with our innovation strategy and allows us to offer a service which makes consumers’ everyday lives easier."
Orange Cash will be made available to Orange customers in Strasbourg and Caen in early 2014, ahead of a nationwide roll-out in the second quarter of the year. The launch will speed up the adoption of mobile payments and support the offers of partner banks.
Orange is one of the world’s leading telecommunications operators with sales of 43.5 billion euros in 2012 and has 168,000 employees worldwide at 30 June 2013, including 103,000 employees in France. Present in 32 countries, the Group has a total customer base of more than 231 million customers at 30 June 2013, including 174 million mobile customers and 15 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your mobile: www.orange.com, www.orange-business.com, www.orange-innovation.tv or to follow us on Twitter: @presseorange.
Orange and any other Orange product or service names included in this material are trade marks of Orange or Orange Brand Services Limited.
About Visa Europe
Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 37 countries across Europe.
Visa Europe works at the forefront of technology to create the services and infrastructure which enable millions of European consumers, businesses and governments to make electronic payments. It is not a credit card company, almost 80% of its business is on debit cards, and its members are responsible for issuing cards, signing up retailers and deciding cardholder and retailer fees.
Visa Europe operates a high volume, low cost business model that provides services to its members. Its surplus is reinvested into the business and used to improve capital and reserves. In the last six years, Visa Europe has invested over €1 billion in new technology and infrastructure.
There are 470m Visa cards in Europe while €1 in every €6.75 spent in Europe is on a Visa card. Almost 80% of Visa Europe's business is on debit cards and, in the year to December 2012, over €1 trillion (1.05tr) was spent on Visa debit cards. Annual online spending on Visa cards in Europe topped €200 billion (€212bn) for the first time in this period and now accounts for more than 20% of Visa Europe’s processed business.
Since 2004, Visa Europe has been independent of Visa Inc. and incorporated in the UK, with an exclusive, irrevocable and perpetual licence in Europe. Both companies work in partnership to enable global Visa payments. As a dedicated European payment system Visa Europe is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.
For more information, please visit www.visaeurope.com and follow us on Twitter: @VisaEuropeNews.