Gaborone – May, 2020
Cellulant Botswana To Directly provide innovative payment solutions for Businesses to Accept Mobile Money, Credit & Debit Cards
Gaborone- Cellulant, Africa’s leading financial technology company and the payment gateway of choice for leading companies has today announced the issuance of an Electronic Payment Service Provider License by the regulator – Bank of Botswana (BoB) in a move that will enable the company offer key payment methods such as mobile money, debit and credit cards to merchants and organisations in Botswana.
“We are excited to receive this new license”. Said Bathusi Beleme, Country Manager, Cellulant Botswana. “Cellulant has been in Botswana for 11 years now as a technical solutions partner providing digital banking services to five of the leading banks in the country. With this license, we can now directly provide our innovative payment solutions to today’s connected businesses, organisations and consumers.”Bathusi Beleme, Country Manager, Cellulant Botswana.
With this new license, the company has embarked on the rollout of their own payment solutions that will enable Batswana to pay for electricity, airtime or pay-TV using all major international and local debit and credit cards. Plans are underway to also introduce multiple mobile money accounts including Orange Money, MyZaka (Mascom), Smega (BTC Mobile) in the coming months. The company has also begun integration of Tingg checkout- a solution that will help businesses and organisations digitize and accept both mobile and card payments.
Cellulant becomes one of the first non-banking actors to be granted the EPS license following the introduction of new regulations by the Ministry of Finance in December 2018. The new law which provides a legal framework for the licensing and oversight of Electronic Payments Services Providers including Mobile Money and Value Transfers Services (MVTS) operations came into effect in January 2019.
The EPS license seeks to bring payment systems operators and service providers within the regulatory, monitoring and performance purview of the Bank of Botswana, a move that the company has hailed as the way to go in promoting an enabling environment that will foster innovation within the country to catalyze the delivery and adoption of digital financial services.