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Orange to launch mobile-only banking unit in Spain

French telecom company Orange SA will establish a mobile-only banking services business unit in Spain later in 2018, with the commercial launch to take place in 2019, Mobile World Live reported Feb. 15.

The unit will be led by Narciso Perales Dominique, who previously served at Bankinter SA as digital transformation director. Orange will recruit additional employees in Spain and Dominique will be supported by employees from its other divisions in the country.

In November 2017, Orange launched its first mobile-based banking platform across France, Orange Bank SA, which targets about €400 million in revenues in the mobile financial services sector in 2018.