Mobile payments are rapidly expanding across Africa, significantly increasing access to financial services. Leading providers like Orange Money are at the forefront of this digital shift, delivering innovative and accessible solutions tailored to the local population.

Orange Money Burkina Faso announced the upgrade of its mobile financial services platform with Mobiquity® Pay X, a next-generation solution developed by Comviva, at the Mobile World Congress (MWC) in Barcelona on Wednesday, March 5. The evolution aims to enhance innovation and provide an improved user experience for Orange Money customers in Burkina Faso.

"Orange Money is one of our key growth drivers, contributing significantly to economic and social development in Burkina Faso. We are particularly impressed by Mobiquity® Pay's microservices architecture, open design, and API-first philosophy, which will enable us to significantly expand the Orange Money ecosystem in the region and provide disruptive services to our customers," said Christophe Baziemo, CEO of Orange Money Burkina Faso.

The mobile financial services market in West Africa is experiencing strong expansion, driven by the rise of digital payments and operators' initiatives to strengthen financial inclusion. According to the financial results of the Orange Côte d'Ivoire Group, which includes Orange Burkina Faso, the group closed 2024 with consolidated revenue of 1,084.1 billion CFA francs ($1.8 billion), a 6.6% increase. This performance is primarily fueled by key sectors such as mobile data, Orange Money, and fiber, illustrating the growing demand for mobile financial services in the region.

The new cloud-based platform represents a cutting-edge solution offering a comprehensive suite of information management services, particularly for digital money, wallets, and payments. Its robust and scalable architecture ensures a secure and user-friendly experience, while enhanced modularity enables faster market deployment of new services.

With over ten years of expertise in digital payments, Comviva has deployed its Mobiquity® Pay platform in more than 60 projects across 45 countries. This modernization is expected to enable Orange Money Burkina Faso to launch new services more quickly, improve interoperability with other financial systems, and enhance transaction security. Ultimately, the initiative will help boost the mobile payments ecosystem and promote greater financial inclusion in the country.

By Samira Njoya,

Editing by Sèna D. B. de Sodji