“Following completion of all legal steps we are happy to announce the completion of the takeover of the local operations of Orange Money by Alpha Bank Romania,” said Sergiu Oprescu, chief executive of Alpha Bank Romania and general manager of Alpha Bank Group’s international network.
Orange Money Romania customers will continue to have access to the existing products and services, along with the banking services of Alpha Bank Romania.
By integrating the Orange Money retail operations, Alpha Bank Romania significantly expands both customer base and the digital solution offer, becoming an important player in the digital banking sector in Romania.
Orange announced the deal with Alpha Bank last summer. Orange Money IFN (NBFI) had 250,000 customers, 25,000 of which active.
(English version by Loredana Fratila-Cristescu)