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Orange’s banking buy is a red herring

Stake in Groupama will be the basis of French mobile-only bank, but this will be hopelessly behind the digital money trend

Orange’s decision to buy a 65% stake in France’s Groupama Banque will do little to transform mobile financial services in the era of PayPal, Apple Pay and soon, the most disruptive of them all, Facebook m-banking. In their quest for digital transformation, mobile operators are too far behind the web giants to dominate a new era of payments and banking – at least in the mature markets. As the 27% growth in Vodafone’s M-Pesa mobile money service last year indicates, MNOs need to cast their eyes further from home to get a strong position in the financial s

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