As Orange Money continues to grow its products and services, the company has announced a new partnership with the Liberia Bank for Development & Investment (LBDI) for its Pull/Push Bank-to-Wallet Service. The service allows Orange Money customers to transfer funds between their LBDI and Orange Money accounts.
Zaza Mulbah, Senior Manager for Orange Money Liberia, explained that LBDI is the third bank to enter the partnership with Orange Money. He added that a similar service was launched with the United Bank for Africa (UBA) and Ecobank earlier in the year.
Mulbah revealed that, to be able to utilize the new service, Orange Money customers would have to visit their local LBDI branch and fill up the KYC enrollment form.
“Once the forms are filled up, the LBDI representative would create a unique activation key (OPT) and finalize the registration,” Mulbah explained.
The Pull/Push to Wallet Service is designed to offer several beneficial services to Orange Money and LBDI customers. Once the setup is complete, customers could use Orange Money to check their LBDI balance or check their last five LBDI transactions. More importantly, customers could move money to their LBDI account from Orange Money or vice versa with ease and convenience.
According to Mulbah, “Our customers have frequently told us that they wanted to have a way to link their Orange Money wallets to their bank accounts. This platform is our answer to that request, and makes it easy for both businesses and individuals to move money securely, quickly, and easily between their Orange Money wallet and regular bank accounts.”
He said that it marked an important step in Orange Liberia’s goal of digitalization and financial inclusion for Liberia. Orange Money is expected to announce additional banking partners shortly.