Orange to launch mobile-only bank with NFC payments and AI

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Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings. At launch, Orange Bank will also provide customers with a bank account, a debit card, overdraft protection and an interest-bearing savings account, with additional features including credit and insurance to be “gradually” included in the offering.