UGANDA – Kenya-founded digital payment service provider Cellulant has obtained a license from the National Bank of Uganda to offer online payment solutions.
The company has obtained a Payment System Operator license under the National Payment System Act 2020, which seeks to regulate the growing fintech space in Uganda.
By obtaining the license, Cellulant will be able to develop its operations locally and regionally, while providing peace of mind to its business partners that it complies with local and international safety regulations.
Having collaborated with 6 financial institutions and over 50 merchants in Uganda, the technology company offers mobile banking and payment solutions across the country.
“We welcome this development and are delighted that the Bank of Uganda has awarded the Payment Systems Operator (large funds transfer) license to Cellulant Uganda,” said Frances Diribe, Chief Risk and Compliance Officer at Cellulant.
«Uganda currently has more than 800,000 registered businesses and a rapidly growing young digital population. We are on our way to intensifying our work by offering these companies and their customers reliable payment options. By simplifying the merchant payment process, they can focus on their growth.”
In 2009, Cellulant launched operations in Uganda through its single API payment gateway, Tingg, which enables global, regional and local businesses to receive payments online and offline, offering locally relevant payment methods, including mobile money, cards and banks.
Some of its clients include Emirates, Kenya Airways, Jambojet and Ethiopian Airlines, among others. They also work with Rubis, Oryx, Jumia, Kiku, MultiChoice, StarTimes, Zuku, National Water and Umeme, among others.
Recently, the pan-African payments company partnered with global technology company, Mastercard, to empower millions of consumers in Africa through virtual payment solutions.
Cellulant also recently collaborated with LC Waikiki in Zambia and Orange Money in Botswana.