Madrid, February 19, 2014 – Orange announces today the launch of Orange Cash in Spain, a rechargeable prepaid card from MasterCard that can be used within smartphones or as a traditional payment card.
With Orange Cash a consumer will be able to make online payments in a safe way, send money to the mobile phones of other Orange Cash users for free and, using the traditional prepaid card, pay any merchant or withdraw cash at MasterCard ATMs worldwide.
Use of Orange Cash does not require a bank account, and it works with all the telephone numbers of every Spanish carrier. The mobile app is compatible with mobile phones on both Android and Apple iOS operating systems.
Orange Cash benefits
Safe online payments
Consumers can make online or mobile purchases and always feel safe, confident and comfortable when shopping online.
The great advantage of Orange Cash is that you can only spend the money charged in the card, reducing the opportunities of spending over your forecasts.
Send money to other mobile phones
With Orange Cash you can send money to the smartphones of other Orange Cash users totally free and in a very simple way.
Manageable from the App and the website
Users can check their balance and account movements anytime as well as make payments, transfers, etc. Even if you lose your phone, Orange Cash is always available through the website. There, users can enter a username and password and download the Orange Cash App onto another device, enabling access to their funds.
In addition, the Orange Cash prepaid card is contactless-enabled, so users can make tap and go payments at nearly two million contactless-enabled merchant locations in 63 countries around the world. To pay at merchant locations that are not contactless-enabled, the card also maintains the option of payment using the EMV chip or the magnetic stripe.
“With this launch we keep adapting ourselves to the preferences and needs of Spanish consumers, who live in a more digital way every day. Now consumers pay and make their purchases in a way that better fits with their needs and from any available device. Orange Cash is another step within our efforts to introduce innovative payment solutions in our country and to answer to this new reality,” stated Ovidio Egido, country manager for MasterCard Spain.
“At Orange we continue investing in innovation to make people’s lives easier. Therefore, the commitment of the company also extends to the development of new services such as Orange Cash, that provides our customers with the best tools to get the most of the opportunities that information offers,” said Yves Bazin, director of product development Orange Spain.
How much does Orange Cash cost?
Consumers can apply for and activate the Orange Cash card for free; there are no fees. The customer will only have a cost to recharge the card balance. In addition, the first 5,000 clients using this service will receive an extra 10 Euros to make purchases.
MasterCard (NYSE: MA), www.mastercard.com,is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter , join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
About Orange Spain
With a customer base over 14 million customers, Spain is the second market of Orange Group one of the world’s leading telecommunications operators with sales of 43.5 billion euros in 2012 and 166,000 employees worldwide at 30 September 2013. Present in 32 countries, Orange Group has a total customer base of more than 232 million customers at 30 September 2013, including 175 million mobile customers and 15 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.