Orange Polska and mBank create a mobile retail bank

Orange Polska and mBank create a mobile retail bank

Orange Polska and mBank have signed an agreement according to which a mobile retail bank will be created for users of smartphones and tablets. Financial services will be provided under the Orange brand. The start of the offer is planned for the second half of 2014.

The offer will be aimed at individual customers, as well as small and medium-sized enterprises. It will include mobile payments, current accounts, loans, deposits, and credit and debit cards. Customers will enjoy more benefits thanks to new, attractive packages comprising both financial and telecommunications services.

Orange Polska will be responsible for marketing and acquisition of customers to this joint venture, while mBank is going to provide banking services to the customers. For this purpose the bank will establish a new branch that will be part of its existing structure.

"Bank customers expect maximum facilitation and simplification of funds management, regardless of location. The mobile bank makes it possible. It combines the skills of Orange Polska – the operator of the largest high-speed mobile and fixed-line Internet network – and mBank, which has set the trends in modern electronic banking. Experience and potential of both companies ensure the highest quality of services. Entry into new markets, including the financial market, is one of the key elements of our strategy" said Bruno Duthoit, the CEO of Orange Polska.

"When a truly mobile bank and the biggest Polish telecommunications company join their forces to create a new platform, it has to be considered a clear sign of changes that are taking place on the financial services market. mBank will be consistently developing its mobile banking services, both under own brand and through cooperation with Orange Polska" said Cezary Stypułkowski, the CEO of mBank.

Cooperation between the operator and the bank means that customers will be able to use banking services via mobile devices as well as on-line platform, anytime, anywhere. It will be possible to become a customer by installing the app in a mobile phone or by opening a bank account.