Cellulant and United Bank for Africa (UBA) Plc announced a partnership that will expand payment services for merchants and consumers in 19 key African countries where UBA operates.
The countries are Nigeria, Ghana, Kenya, Ivory Coast, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, Democratic Republic of Congo, Gabon, Guinea, Liberia, Mozambique, Sierra Leone and Senegal.
This network represents one of the primary tools for bringing together Africa’s fragmented payment ecosystem, ensuring that Cellulant’s payment gateway, Tingg, is available to a large number of merchants and consumers in each of these markets.
Already, more than $15 billion in gross value payments are processed by Cellulant across shared marketplaces – and this partnership has the potential to dramatically increase the numbers.
“We are delighted to welcome United Bank for Africa as a new banking partner,” said Cellulant Group CEO Akshay Grover.
He said that as the payments landscape in Africa continues to evolve, “we believe fintech and banks need to deepen their collaboration to expand opportunities that will help facilitate payments and collections for businesses and their customers. consumers in all sectors of the economy.
“Partnering with UBA extends our unrivaled reach across the continent and gives merchants and consumers across our shared network the ability to enjoy streamlined digital payment services directly through their bank.”
Speaking on the partnership, UBA Group Deputy Managing Director Oliver Alawuba said, “We are pleased to welcome Cellulant to Nigeria for the signing of this MoU and more importantly to the wider landscape. from UBA. UBA is ready; we are indeed poised to dominate the entire digital banking space in Africa.
“Our bank, as you know, is one of the largest financial services institutions in Africa, providing services to over 25 million customers in 23 countries, including 20 on the African continent. This speaks to our strength and ability to deliver innovative digital solutions to the last mile. »
During the signing ceremony at UBA House in Lagos, Alawuba noted that “Collaborating with Cellulant will allow for maximum impact when it comes to changing lives and introducing smarter ways for people to live. ‘making payments in Africa’.
The announcement is the latest in a series of new partnerships for Cellulant as it continues to expand its network. Tingg is now available through 120 banks, is a single payment gateway for multinationals, mid caps and small and medium enterprises (SMEs).