Togolese Telco Togocom and Lender Orabank Partner to Offer Offline Mobile Money Transfer Service

ITC
Friday, 24 May 2024 14:26
Togolese Telco Togocom and Lender Orabank Partner to Offer Offline Mobile Money Transfer Service

(Togo First) - Togolese telecom firm Togocom and lender Orabank have teamed up to launch PASS TMONEY, a new mobile banking service, on May 23. The service enables offline money transfers between Togocom's TMoney mobile money platform and Orabank, in both directions.

PASS TMONEY also allows TMoney and Orabank users to check their balances and mini-statements via mobile.

The service is accessible through USSD code 145612#.

Orabank Togo CEO Guy Awona hailed PASS TMONEY as a major stride in Togo's financial inclusion efforts. Togocom CEO Pierre Antoine Legagneur echoed this sentiment, stating, "The alliance between banks and telcos in mobile money is key for financial inclusion."

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