The Bank of Tanzania (BOT) has granted its approval in principle for Cellulant Corporation to operate as a Payment Solution Service Provider (PSSP) in Tanzania.
PSSPs make up the underlying e-Payment infrastructure in Tanzania. Banks, Online Merchants, payment processors, merchants, state governments, and consumers connect to PSSPs to meet their digital payment needs.
The approval makes Cellulant one of the top PSSPs in Tanzania endorsed by the BOT to provide digital payments solutions across the nation. The company is a pan-African fintech firm that provides a one-stop digital payments platform enabling business across Africa.
Cellulant provides a single digital payments platform named Tingg, which addresses the complex payments needs of businesses. Tingg allows clients to collect and make payments across multiple payment methods in different currencies.
‘‘This approval sets Cellulant into a select group of few payment aggregators that operate as PSSPs in Tanzania and will help add millions of economically active but financially excluded Tanzanians into the digital payment ecosystem. We are bringing to Tanzania the same top-level performance and seamless payments solutions that have made Tingg Africa’s preferred payments platform,” said Edwin Kiiru, Country Manager for Cellulant Tanzania.