Cellulant Corporation has received an approval by the Bank of Tanzania (BOT) to operate as a Payment Solution Service Provider (PSSP), a move that will enable the payments platform to extend its services in Africa.
According to a statement, Payment Solution Service Providers make up the underlying e-Payment infrastructure in Tanzania. 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 5 Payment Solution Service Providers in Tanzania endorsed by the BOT to provide digital payments solutions across the nation.
Edwin Kiiru, Cellulant Tanzania’s newly appointed Country Manager, stated that this approval will enable the company to extend its payment solutions across all spectrums of Tanzania’s payments ecosystem.
‘‘This approval sets Cellulant 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. We are bringing to Tanzania the same top-level performance and seamless payments solutions that have made Tingg, Africa’s most preferred payments platform,” said Kiiru.
Cellulant provides a single digital payments platform – named Tingg- addressing the complex payments needs of businesses. Tingg 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 digitise their payments.
Founded in 2002, Cellulant provides a single digital payments platform that runs an ecosystem of consumers, retailers, merchants, banks, mobile network operators, Governments, and International Development Partners.
Today, Cellulant’s payments platform hosts 154 payment options across 34 countries, with 18 of them from Africa. Its platform is connected to 220M consumers on a single inclusive network allowing for interoperability that has eluded numerous players in the payments space.