eMAG and its financial services subsidiary HeyBlu have acquired Orange Money IFN SA from telecommunications group Orange Romania and the main assets they bought were the e-money and payment institution licenses issued by Romania’s central bank.
Orange, the leader of the telecom market and one of the largest companies in Romania, has decided to add EUR2 million to the capital of its company that provides mobile financial services, Orange Money IFN, as shown by a shareholder decision published in the Official Gazette recently.