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Cellulant collaborates UBA to expand payments across 19 African countries

CELLULANT and United Bank for Africa (UBA) Plc have launched a collaboration that will allow businesses and consumers to use payment services in 19 key African nations where UBA operates.

Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso, Cameroon, Chad, Congo, DRC, Gabon, Guinea, Liberia, Mozambique, Sierra Leone, and Senegal are the countries involved.

Thanks to this network, which is one of the major tools in bringing Africa’s fragmented payments industry together, Cellulant’s payment gateway, Tingg, is available to a large number of merchants and consumers in each of these markets.

Cellulant now processes over $15 billion in gross value payments across the common markets, and this alliance has the potential to dramatically increase that total.

“We are delighted to welcome the United Bank for Africa as a new banking partner,” said Group CEO at Cellulant, Akshay Grover.

He stated that as the payments landscape in Africa continues to evolve, “we believe that fintech and banks need to have a deeper collaboration in expanding opportunities that will help ease payments and collections for businesses and their consumers across all sectors of the economy.

“The partnership with UBA extends our unparalleled reach across the continent and gives merchants and consumers in our shared network the opportunity to enjoy streamlined digital payments services directly through their bank.”

Speaking on the partnership, Group Deputy Managing Director, UBA, Oliver Alawuba, said: “We are happy to welcome Cellulant to Nigeria for this MoU signing and most importantly into UBA’s expansive landscape. UBA is ready; we are indeed set 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 20 of which are on the African continent. This speaks to our strength and capability in terms of delivering innovative digital solutions to the last mile.”

During the signing ceremony at the 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 make payments in Africa”.

The announcement is the latest in a string of new collaborations for Cellulant as it expands its network. Tingg is a one-stop payment gateway for global firms,  mid-caps, and small and medium enterprises (SMEs)  alike, and is presently available through 120 banks.

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