Cellulant Corporation, with office presence in 18 African countries, has become one of the 5 Payments Solution Service Provider in Tanzania. Payment Solution Service Providers make up the underlying e-Payment infrastructure in the country, and banks, online merchants, payment processors, merchants, state governments, and consumers connect to them to meet their digital payment needs.
The Bank of Tanzania (BOT) issued approval in principle to Cellulant to operate as a Payment Solution Service Provider after the company satisfied all the necessary requirements. This development helps the company’s bid to expand its Payments Platform in Africa. Indeed, the approval makes Cellulant one of the top Payment Solution Service Providers (PSSP) in Tanzania endorsed by the BOT to provide digital payments solutions across the nation.
Cellulant is a leading Pan-African financial technology company providing a one-stop digital payments platform. It uses technology to connect people and their resources, making it easier to do business across Africa. By using a single digital payments platform named Tingg to address complex payments needs of businesses, the company makes it easy to collect and make payments across multiple payment methods in different currencies, with the best customer experience for any business looking to digitize their payments.
Edwin Kiiru, Country Manager for Cellulant Tanzania, stated that this approval will enable the company to extend its payment solutions across all spectrums of Tanzania’s payments ecosystem. He remarked that ‘‘Cellulant is a critical component of Africa’s Payments ecosystem and a key actor in delivering seamless payments solutions.” According to Kiiru, the approval by the Bank of Tanzania sets the company “into a select group of few payment aggregators that operate as PSSPs in Tanzania and will help add millions of economically active but financially excluded Tanzanians into the digital payment ecosystem.”
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