Alpha Bank acquires Orange Money Romania

Telecoms firm Orange has sold its digital banking business in Romania to Alpha Bank Romania for an undisclosed sum.

Orange launched Orange Money Romania in 2016 as a fully digital alternative to traditional banking services.

Alpha Bank Romania, which is part of the Greece-headquartered Alpha Bank Group, has maintained a presence in Romania for over 30 years.

Under the agreement, Alpha Bank will acquire Orange’s employees, credit card portfolio and digital assets including mobile apps.

Alpha Bank said the acquisition will enable it to expand its customer base and offer a stronger suite of digital banking services.

“Thanks to a strong team of digital banking specialists, Orange Money Romania has grown steadily, becoming today a top digital financial solution, recognized by customers and the market for the quality of its services and innovative vision,” said Haris Hanif, chief executive of Orange Money Romania. “The strategic path of Orange Money has always been geared towards integrating the application and its products into a banking ecosystem and, in order to achieve this goal, we signed the transfer of the retail Orange Money business to Alpha Bank Romania.”

    Share Story:

Recent Stories


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.