The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Orange is the new bank?

French giant's move marks the first attempt by a telecoms company to launch a standalone bank in a major developed market

Published Fri, Nov 3, 2017 · 09:50 PM
Share this article.

Paris

TELECOMS giant Orange launched its own bank on Thursday, aiming to win 25 per cent of France's online banking market by capitalising on the rising use of smartphones to steal share from established lenders with inferior technology.

The launch is part of a push by the French firm to find alternative revenue streams and retain clients in the face of a price war in the telecommunications sector.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here