Orascom to offer mobile banking
By Andrew England in Cairo and Andrew Parker in London
Published: April 11 2008 00:06 | Last updated: April 11 2008 00:06
Orascom Telecom, a leading mobile phone operator in emerging markets, plans to launch a new company this year offering banking services to its 70m customers.
Naguib Sawiris, chairman of the Cairo-based telecoms group, told the Financial Times the company would be an Orascom subsidiary offering customers the chance to use their mobiles to access banking services, including money transfer.
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