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Reuters exclusively reports France's Orange ventures into lending

Reuters exclusively reports France's Orange ventures into lending

Reuters exclusively revealed that telecoms giant Orange has launched its own bank, aiming to win 25 percent of France’s online banking market by capitalizing on the rising use of smartphones to steal share from established lenders with inferior technology. The launch is part of a push by the French firm to find alternative revenue streams and retain clients in the face of a price war in the telecommunications sector.