Pan-African payment technology company Cellulant has been granted a Payments Systems Operator license by the National Bank of Uganda in line with the National Payments System Act, 2020.
Cellulant boasts an 80 per cent market share in providing payment solutions for all airlines in Africa including Emirates, Kenya Airways, Jambo jet, and Ethiopian Airlines, among others.
The company also provides solutions for the likes of Rubis, Oryx, Jumia, Kiku, MultiChoice, StarTimes, Zuku, National Water, and Umeme.
Cellulant’s Chief Risk & Compliance Officer, Frances Diribe said the company is determined to double down their work in offering businesses and their clients’ dependable payment options.
“We welcome this development and are delighted that the Bank of Uganda has now licensed Cellulant Uganda as a Payment Systems Operator (large funds transfer). Uganda currently has over 800,000 registered businesses and a fast-growing digital youthful population. We’re on course to double down our work in offering these businesses and their clients’ dependable payment options. By streamlining the business payment process, they can concentrate on growing themselves.”
Having partnered with 6 financial institutions and over 50 merchants within Uganda, Cellulant is availing proximity mobile banking and checkout solutions to its merchants across the country.
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Recently, the Pan-African payment company partnered with the global technology company, Mastercard, to empower millions of consumers across Africa through virtual payment solution.
Cellulant also recently partnered with LC Waikiki in Zambia & Orange Money in Botswana.