Cellulant, has been granted a Payments Systems Operator license by the National Bank of
Uganda in line with the National Payments System Act, 2020. The Act provides guidance in
streamlining operators in the burgeoning fintech space in Uganda.
Cellulant Group founded in 2003, has a history of delivering inventive technical and financial
solutions implemented with a seamless user experience. The company today powers
collections and payouts for thousands of businesses in various sectors across 35 countries in
Africa. Cellulant launched operations in Uganda in 2009 and through its single API payments
gateway – Tingg – enables global, regional and local businesses to collect payments online
and offline serving its customers with locally relevant payment methods, including mobile
money, cards & banks.
By obtaining this license, Cellulant will be able to develop its operations locally and regionally
while providing reassurance to its business partners that Cellulant complies with local and
international security regulations. Having partnered with 6 financial institutions and over 50
merchants within Uganda, Cellulant is availing proximity mobile banking and checkout
solutions to its merchants across the country.
According to Frances Diribe, Cellulant’s Chief Risk & Compliance Officer, “We welcome
this development and are delighted that the Bank of Uganda has now licensed Cellulant
Uganda as a Payment Systems Operator (large funds transfer). Uganda currently has over
800,000 registered businesses and a fast-growing digital youthful population. We’re on
course to double down our work in offering these businesses and their clients’ dependable
payment options. By streamlining the business payment process, they can concentrate on
growing themselves.”
Cellulant boasts an 80 per cent market share in providing payment solutions for all airlines in
Africa including Emirates, Kenya Airways, Jambojet, and Ethiopian Airlines, among others.
They also provide solutions for the likes of Rubis, Oryx, Jumia, Kiku, MultiChoice, StarTimes,
Zuku, National Water, and Umeme, among others. The company facilitates more than 300
million transactions per year with volumes in billions of dollars.
Read Also; Cellulant Partners with Orange Money to Power Card To Wallet Transfers for 8 Banks in Botswana
The Pan-African Payments pioneer recently announced its partnership with the global technology company, Mastercard, to empower millions of consumers across Africa to join the global digital commerce market through their virtual payment solution. Cellulant also recently partnered with LC Waikiki in Zambia & Orange Money in Botswana.
With this accreditation in the Pearl of Africa, the company looks to progress its mission to
create opportunities and accelerate economic growth for all of Africa.
About Cellulant
Cellulant is a leading Pan African payments technology company that provides locally
relevant and alternative payment methods for global, regional and local merchants.
We provide a single API payments platform – Tingg – that enables businesses to collect
payments online and offline while allowing anyone to pay from their mobile money, local and
international cards or directly from their bank.
To learn more about Cellulant visit our website, LinkedIn, Facebook, Twitter or Instagram.
