Orange Finance foresees as many as 1 mln customers

Polish banking institution, mBank and Orange have joined together to offer Orange Finance. The investors are expecting as many as 1 mln customers to partake in the newly founded financial services offer. The forecast also foresees revenue in the hundreds of złotys in the third year of operation if the current client base can be used as a predictor of consumer interest. MBank president Cezary Stypułkowski has stated that "considering the PLN 15 million investment amount, the current contract conditions between Orange and mBank should prove a very lucrative investment." The two companies signed a contract for cooperation until 2025. The plan is for Orange to be in charge of the marketing and the sales, while mBank takes care of the internet and mobile banking platform.