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Orange in talks to buy 65% of Groupama to launch mobile bank

2016-01-05 09:08:00| Telecompaper Headlines

(Telecompaper) Orange has entered into exclusive negotiations with French banking and insurance group Groupama with a view to Orange acquiring 65 percent of Groupama Bank ahead of the launch of Orange Bank in France at the start of 2017. Orange Bank is described as a 100 percent mobile bank that will offer all standard banking services, including savings loans and insurance services.After its launch in France, Orange plans to extend its banking service to other European markets such as Spain or Belgium.

Tags: to buy mobile bank

Category:Telecommunications

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