Orange to Facilitate Smartphone Financing in Cote d’Ivoire

  • ITNewsAfrica.com
  • Technology News
Orange to Facilitate Smartphone Financing in Cote d’Ivoire
Credit: © Reuters.

Orange, one of the leading telecom operators in Cote d’Ivoire and Yabx Netherlands, a fintech venture offering credit products across multiple countries in Africa, today announced their collaboration with Cofina Cote d’Ivoire, a leading financial institution dedicated to meso-financing, to facilitate smartphone financing for Orange customers in the West African country.

The announcement was made during the MWC show in Barcelona, Spain.

According to Yabx, this partnership will make a significant difference in promoting digital lifestyle and expanding financial inclusion across Côte d’Ivoire.

Yabx’s device impairment technology enables Cofina to launch EMI plans, where Yabx manages the complete customer journey through digital channels, which includes selection, acquisition, disbursals, collections, etc.

“To experience high quality of digital services and user experience, it is imperative for customers to buy a 4G smartphone. High one-time expenditure becomes a key challenge to increase user adoption. We are confident that through this partnership with Yabx, the high entry-cost barrier will be eliminated, which will help in driving smartphone adoption,” said Raoul Yobouet, CMO of Orange Côte d’Ivoire, commenting on the new partnership.

“The main economic and social objectives of our partnership [with Orange and Cofina) are to help the population of Côte d’Ivoire gain instant access to smartphones in an affordable and convenient manner, enhancing digital adoption through financial inclusion,” said Puneet Chopra, Chief Growth Officer, Yabx.

Elhadj Kane, Legal Director & Company Secretary at Cofina added, “This partnership helps us further advance on our vision to be the pan-African model for inclusive finance and use of technology to do responsible lending.”

Yabx is currently showcasing its fintech solutions at MWC Barcelona emphasizing its collaborative lending model where they partner with mobile network providers and financial institutes to create innovative and disruptive propositions bringing substantial new value pools for all stakeholders.

Edited by Luis Monzon

Follow Luis Monzon on Twitter

Follow IT News Africa on Twitter

Read more on ITNewsAfrica.com

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search