Cellulant gets nod to become payment solution service provider in Tanzania

TANZANIA – Digital payments company Cellulant, has been given an approval by the Bank of Tanzania (BOT) to operate as a Payment Solution Service Provider having satisfied all the necessary requirements. Payment Solution Service Providers make up the underlying e-Payment infrastructure in Tanzania and Banks, Online Merchants, payment processors, merchants, state governments, and consumers connect to PSSPs to meet their digital payment needs. This 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.…

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Cellulant introduces digital payments platform Tingg in Zambia

ZAMBIA – In a bid to foster growth for both the formal and informal sector in Zambia, Pan-African payments business Cellulant has rolled out Tingg, a digital payments platform enabling businesses and their consumers to accept and make payments seamlessly. Payment technology over the years has completely transformed how retailers operate as approximately thirty years ago, most retailers across Africa did not accept credit cards, and mobile money was still an idea but over the past decade and a half, mobile money has transformed how African consumers access and use…

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Cellulant unveils new identity, commits to accelerating payments digitization in Africa

KENYA – Cellulant, a leading Pan-African payments company has unveiled its new brand identity and affirmed its commitment to partner with global, regional and local businesses to accelerate Payments’ digitisation across Africa.Over the last couple of years, Cellulant has evolved to become more than just a business but an idea and belief that Africa should build Africa’s future. “Refreshing our brand identity is both an acknowledgement of a new chapter as a business but also an affirmation that our mission and commitment to Africa still stands. Cellulant continues to be…

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Kenya’s payments firm Cellulant launches its platform for SMEs and large businesses in Nigeria

NIGERIA – Cellulant, the Kenyan-based payments firm has rolled out a new digital payment platform for SMEs and large businesses in Nigeria. The company has unified its offering into Tinng, a digital payments platform enabling businesses to seamlessly accept payments from their customers conveniently and affordably. Tingg aims to boost growth for businesses by standardizing the payment experience for the end-user and simplifies the tools and processes for a merchant to manage their collections. Tinng was launched back in 2019. The all-in-one, multi-functional consumer super app lets users pay for…

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Digital payment firm Cellulant picks acting CEO, eyes North Africa as first stop

KENYA – Digital payments company Cellulant has hired Akshay Grover as the Acting Chief Executive Officer effective May as Ken Njoroge, the co-founder and CEO transitions from his position to take up new roles at the board level. Grover has over 15 years of experience focused on the TMT across the EMEA and Asia region and hopes to disrupt more mainstream business’ on the continent at Cellulant. Before Cellulant he worked at ISON which covered Asia, ME, Africa, and worked closely with the founders of the ISON tech investment portfolio to expand and…

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Cellulant appoints Faith Nkatha as Kenya country manager

KENYA – Fintech company Cellulant has named Faith Nkatha Gitonga as its country manager for Kenya. She joins Cellulant from Oracle Corporation where she was spearheading their digital transformation efforts for the public sector. Nkatha joins Cellulant to lead its Kenya operations and scale its payments ecosystem in the country. The company has described her as “a highly accomplished leader with a proven track record of driving digital transformation.” “We are excited that Faith has agreed to join our leadership team and confident that she will lead Cellulant Kenya’s next…

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Kenya’s Cellulant sells 44.04% stake to US based investment firm

KENYA – Kenyan digital payments platform, Cellulant has sold 44.04% to the US-based social impact investment firm, The Rise Fund, according to Competition Authority of Kenya (CAK) filings. The deal which was concluded in May last year, was valued at US$47.89 million and values the company at US$107.77 million, making it one of Kenya’s largest medium-sized enterprises, a Business Daily report has revealed. The competition authority said it had approved the offer by The Rise Fund, a global investment fund and a subsidiary of TPG Growth, a US company that…

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