hot in the kitchen

Tech: “With Wave, the price balance has been broken brutally” – Cheikh Tidiane Sarr/Orange

By Quentin Velluet

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Posted on December 15, 2021 11:35

 © Orange Senegal announced at the end of November that it would no longer charge for withdrawals and would apply a fixed 0.8% commission on sending money. Sylvain Cherkaoui for GJA
Orange Senegal announced at the end of November that it would no longer charge for withdrawals and would apply a fixed 0.8% commission on sending money. Sylvain Cherkaoui for GJA

For Cheikh Tidiane Sarr, CEO of Orange Finances Mobiles in Senegal, the arrival of the American start-up has upset the balance of the ecosystem built by Sonatel over the past 12 years. According to him, everyone loses out in a race for low prices.

In Senegal, as in Côte d’Ivoire and now Mali, the Orange operator is on its guard. It has learned to respond quickly to the commercial attacks of Wave Mobile Money, its new big rival from the United States.

The latest development is that on 3 December, Orange Finances Mobiles, which markets Orange Money in Mali, announced a 1% reduction in withdrawal fees for amounts between 0 and 1 million CFA francs ($1,716), as well as a fixed fee of 10,000 CFA francs for transfers over 1 million CFA francs.

Further than Wave

In the land of Teranga, Cheikh Tidiane Sarr, MD of Orange Finances Mobiles Senegal since September 2021, has gone further than Wave. At the end of November, the former director of cabinet of the CEO of Sonatel, Sékou Dramé, announced the removal of withdrawal fees and the application of a fixed commission of 0.8% on sending money.

Is this enough to impress the Senegalese

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