African world bank, United Bank for Africa (UBA) Plc, and leading pan-African payments company, Cellulant, have announced a partnership that will expand payment services for merchants and consumers in 19 key African countries in which UBA operates, the lender said in a statement last week.
According to the statement, the countries include, Nigeria, Ghana, Kenya, Ivory Coast, Zambia, Tanzania, Uganda, Benin Republic, Burkina Faso, Cameroon, Chad, Congo , the Democratic Republic of Congo, Gabon, Guinea, Liberia, Mozambique, Sierra Leone and Senegal.
The statement reads: “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 on each of these marketplaces Already more than $10 billion in gross payments are processed by Cellulant across shared marketplaces – and this partnership has the potential to dramatically increase the numbers.
Commenting on the partnership, Cellulant Group CEO Akshay Grover said, “We are delighted to welcome United Bank for Africa as our new banking partner.
As the payments landscape in Africa continues to evolve, we believe FinTechs and banks need to deepen their collaboration to expand opportunities that will help facilitate payments and collections for businesses and their consumers across all sectors of the economy. ‘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.”
Also speaking about the partnership, Group Deputy Managing Director, United Bank for Africa, Oliver Alawuba said, “We are pleased to welcome Cellulant to Nigeria for the signing of this MoU and more importantly in the vast landscape of UBA. UBA is ready, we are indeed ready to dominate the entire digital banking space in Africa.