According to a news release issued by Orange on Wednesday, the business that established Orange Bank in 2017 is in exclusive talks with BNP Paribas to have that institution continue to serve the bank’s customers when Orange leaves the two countries.
Orange Group CEO Christel Heydemann made the following remark in the press release: “I’d like to congratulate our team who, through their devotion and hard work, have established Orange Bank, a bank that serves over 2 million clients and that benefits from one of the top applications on the market.Due to the banking market’s change, we must now guide the bank into a new phase.
“Orange is considering all opportunities to develop Orange Bank’s activities and support its growth in a very highly competitive environment in the banking market.”
In order to gain 25% of France’s online banking industry within ten years, the telecom corporation created Orange Bank in 2017.
Orange Group will carefully work with authorities and regulators, have discussions with employee representative organisations, and ensure that the products and services offered to consumers stay the same, according to the press release.