Pan-African fintech firm, Cellulant, has broadened its reach by securing a Payment Service Provider and Payment Facilitator license in Egypt, allowing Cellulant to empower both global and regional merchants in Egypt, and manage B2B and B2C payments across local and international transactions.
Cellulant’s versatile solutions support a range of payment methods, including mobile money, wallets, cash, cards, and direct bank transfers, encompassing various currencies to cater to diverse customer needs.
In recent years, the fintech has heavily invested in its real-time payment solutions, incorporating features such as checkout, in-store payments, payouts, payment links, and a robust business dashboard. These services are facilitated through its single API payment platform called Tingg.
With a presence in 35 markets, Cellulant has obtained licenses and established physical offices in 18 countries across the African continent. This expansion into Egypt follows the Bank of Uganda granting Cellulant a Payment Operator license in November 2022. Moreover, the fintech had its Nigerian licence renewed by the Central Bank of Nigeria (CBN) in February 2023.
The move into Egypt marks another significant step for Cellulant as it continues to solidify its position as a leading fintech player in the African market. The company’s commitment to providing innovative and comprehensive payment solutions aligns with the evolving needs of businesses and consumers in the region.