Cellulant Expands Its Business Platform Into Ghana

Cellulant has debuted a new digital pay platform, Tingg, which will help businesses and customers to make seamless payments.

This comes as digital payments have seen much growth in the last few years; 38.9% of the population over 15 years old has a mobile money account in Ghana.

Mobile money has gotten more popular for years, and Ghanians have adopted more digital payment infrastructure.

The high costs of digital payments are often passed on to users — an issue Cellulant says it’s trying to fix.

Recently, the Central Bank of Ghana has issued Cellulant a Payment Services Provider license, letting the company aggregate merchant services, process financial services, acquire merchants, deploy POS systems and aggregate payments for banks and institutions alongside the general public.

Cellulant will roll out Tingg in Ghana in order to provide ways to digitize payments, collect and disburse to customers, the release says.

Eric Kortey, Cellulant Ghana country manager, said Ghana was “fast becoming a hub” for FinTech, and a license for the company would open more doors.

“Cellulant’s digital payments platform is allowing every Ghanaian to pay for their goods and services through any payment channel of their choice,” he said. “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.”

PYMNTS wrote that faster digital payments, refunds and streamlined shopping carts have helped out in the B2C space, though the B2B space hasn’t seen the same level of adoption.

See more: Real-Time Payments Raise the Bar for Cross-Border B2B CX

In the B2B world, vendor payments haven’t gotten as much of the digital transformation as needed, with payments experiences for cross-border and other things remaining somewhat static.

 

——————————

NEW PYMNTS DATA: THE FUTURE OF BUSINESS PAYABLES INNOVATION STUDY– APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Learn how all-in-one payment solutions can help businesses streamline B2B transactions and remove AP and AR management frictions

About: While over half of SMBs believe that an all-in-one payment platform can save them time and improve visibility into cash flows, 56% believe that the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a PYMNTS and Plastiq collaboration, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed SMBs’ expectations and help future-proof their businesses.

https://www.pymnts.com/digital-payments/2022/african-payments-company-cellulant-expands-its-business-platform-into-ghana/

Next Post

The median sales price of a home in Austin has surpassed $600,000

The price of buying a home in Austin knows no other mode than acceleration, it seems. According to the latest numbers from the Austin Board of Realtors, homes in the city sold for a median price of $624,000 in March. That represents a record-high price, and a 22% increase in […]