Kenyan-founded digital payments services provider, Cellulant has been granted a licence by the National Bank of Uganda to offer online payment solutions.
The firm has been granted a Payments Systems Operator licence in line with the National Payments System Act, 2020, which seeks to streamline burgeoning fintech space in Uganda.
By obtaining the license, Cellulant will be able to develop its operations locally and regionally while providing reassurance to its business partners that the firm complies with local and international security regulations.
Having partnered with 6 financial institutions and over 50 merchants in Uganda, the tech firm is availing proximity mobile banking and checkout solutions to its merchants across the country.
In 2009, Cellulant launched operations in Uganda through its single API payments gateway – Tingg, enabling global, regional and local businesses to collect payments online and offline serving its customers with locally relevant payment methods, including mobile money, cards & banks.
Some of its clients include Emirates, Kenya Airways, Jambojet, and Ethiopian Airlines, Rubis, Oryx, Jumia, Kiku, MultiChoice, StarTimes, Zuku, National Water, and Umeme.