Telkom Kenya is shutting down Orange Money from July 4th 2017. During the next 30 days customers will still be able to normally transact on Orange Money Services.
Telkom Kenya is implementing a new and improved Mobile Money service. In order to facilitate this, it will be shutting down their existing Orange Money service to pave the way for the new, exciting product and services.
— Telkom Kenya (@TelkomKenya) June 5, 2017
According to a post on their website, Customers are advised that Any funds that are still with Orange Money after July 4th 2017 will be available/accessible through their linked Equity Bank accounts.This will be accessible at Equity Bank ATMs, Equity Bank Branches and Equity Agents countrywide.
Orange Group completed the sale of its 70 per cent stake in Telkom Kenya to Helios Investment Partners in June 2016. According to media reports at the time, the deal included a clause allowing the operator to continue to use the Orange brand for 18 months after completion.
The move is part of a wider company move away from the Orange brand. It is also seen as an attempt to step-up competition with the country’s dominant mobile money service, m-Pesa.