Cellulant, a Pan African Payments Company has successfully rolled out Tingg, a digital payments platform that enables businesses and their consumers to accept and make payments effortlessly.
This announcement comes after Cellulant obtained the Payment Services Provider (PSP) License from the Central Bank of Ghana. With this launch, Cellulant will provide the best customer experience for all individuals and corporate businesses looking to digitize their payments. The introduction of Tingg to the market will also create a seamless process for collecting and disbursing funds to customers.
Excited about the announcement and the launch, hundreds of businesses have started using Tingg for digital transactions across Ghana.
As per Central Bank of Ghana’s regulation, this license will allow for the provision of 3rd party payment gateways, a marketplace for duly regulated financial service providers, merchant acquisition and aggregation, the printing, and presentation of EMV cards, inward international remittance services, as well as limited use of closed-loop virtual cards.
Cellulant Ghana Country Manager, Eric Kortey, believes that Ghana is fast becoming a hub for fintech in Africa. According to him, “being licensed by the Bank of Ghana means a lot to the growth of our industry and opens doors to increased security and confidence in digital payments systems. Cellulant’s digital payments platform is allowing every Ghanaian to pay for their goods and services through any payment channel of their choice.”
The CEO further said that “Cellulant is addressing the fragmentation of payments for both businesses and their consumers. The digital platform, which recently also launched in Zambia, offers simplified payment tools and processes for a merchant to manage their payments. As a result, businesses can allow their customers to make payments for goods and services using locally relevant payment options.”
This licence will help Ghana’s financial sector to achieve stability, safety, and security. In addition, the the move will promote financial inclusion and innovation, and also help to maintain a sound financial system.
Cellulant is a member company of the Cellulant Corporation which has commercial services running in Kenya, Ghana, Malawi, Nigeria, Zambia, Zimbabwe, South-Sudan, South Africa, Uganda , Botswana and the EU. TINGG is also licensed and regulated by Central bank of Nigeria (CBN) to provide mobile payment backbone services to some of the biggest banks & fast-moving consumer goods company on the continent.