AFRICA – United Bank for Africa (UBA) Plc, a Nigerian pan-African financial services group has partnered Cellulant to extend payment services for merchants and consumers across African countries.
Cellulant is a leading Pan African payments company that provides locally relevant and alternative payment methods for global, regional, and local merchants.
The platform enables merchants to receive, view, and reconcile all their payments via a single application programming interface (API), cutting out the need to sign up for multiple payment providers.
The partnership will enable UBA to provide payment services to 19 countries in which it operates. These countries include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of Benin, Burkina Faso,
Cameroon, Chad, Congo, the Democratic Republic of Congo, Gabon, Guinea, Liberia, Mozambique, Sierra Leone, and Senegal will also benefit.
The network represents one of the primary tools in bringing together Africa’s fragmented payments ecosystem.
Already over US$15 billion in gross value payments are processed by Cellulant across the shared markets – and this partnership has the scope to expand the numbers significantly.
“We are delighted to welcome the United Bank for Africa as a new banking partner,” said Akshay Grover, Group CEO at Cellulant.
“As the payments landscape in Africa continues to evolve, we believe that FinTech’s and banks need to have a deeper collaboration in expanding opportunities that will help ease payments & collections for businesses and their consumers across all sectors of the economy.”
The partnership also extends Cellulant’s unparalleled reach across the continent and gives merchants and consumers in the shared network the opportunity to enjoy streamlined digital payments services directly through the bank.
UBA is one of the largest financial services institutions in Africa, providing services to over 25 million customers in 23 countries 20 of which are on the African continent.
As the needs of customers change, the bank is consistently adapting innovative solutions and partnerships to provide them with excellent and convenient services.
The bank’s strategic partnerships help accelerate the drive for financial inclusion and the economic wellbeing of Africans on the continent.
As a client-driven bank, UBA is dedicated to ensuring first-rate customer service to all customers as well as fashioning out the best possible ways to ease the way they transact.
The announcement is the latest in a line of new partnerships for Cellulant, as it continues to expand its network with leading financial institutions like UBA.
The company’s payments platform, Tingg, now available via 120 banks, is a one-stop payment gateway for multinational corporations, mid-caps, and small and medium enterprises (SMEs) alike.
This simultaneously streamlines businesses’ administration processes while expanding the range of payment options they can offer to consumers, ensuring maximum choice and flexibility both offline and online.
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