Visa Europe and Orange have announced a strategic partnership: stakes and opportunities.
Here, we talk about shared ambition to accelerate awareness and everyday
usage of mobile contactless payment in France.
In this momentum, this partnership aims to raise awareness of the benefits
of NFC (Near Field Communication,).
Based on the fact that, the number of contactless payment terminals used by
French merchants has increased by more than 50% over the past six months to
reach 200,000
active terminals in France today, which has been complimented by
the mass deployment of NFC mobile phones in France, Connectikpeople observes
that, Orange is offering its customers equipped with NFC compatible mobiles the
opportunity to pay retailers simply and securely with Orange Cash.
For those who unfamiliar, this
mobile prepayment solution uses contactless Visa technology pre-loaded on all Orange
NFC SIM cards. The service is based on a solution designed and managed in
collaboration with the Wirecard Group and Wirecard Card Solutions, Member of
Visa Europe.
Henceforth the Orange customers will be able to download the Orange Cash
app from the apps store and top up their prepaid Orange Cash account with the
amount they choose in just a few clicks using their bank card.
This means, to pay, they will just need to place their mobile on an NFC
payment terminal at a retailer’s premises. For all payments of over €20, users
will be asked for a secret code they will have chosen, which is different from
their bank card PIN code.
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.
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. 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 license 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. www.visaeurope.com
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. 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 license 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. www.visaeurope.com
About Orange
Orange is one of the world’s leading telecommunications
operators with sales of 43.5 billion euros in 2012 and has 166,000
employees worldwide at 30 September 2013, including 102,000 employees in
France. Present in 32 countries, the Group has a total customer
base of more than 232 million customers at 30 September 2013,
including 175 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).
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
