The Central Bank of Nigeria (CBN) has renewed Cellulant’s payment service solution provider license in Nigeria.
According to a statement by the fintech company, the license enables it to continue providing online and offline payment solutions, including collections, check-out, biller aggregation, and payout services securely to thousands of businesses across the country.
“Cellulant’s digital payments platform, Tingg, enables businesses to seamlessly accept and make payments offline and online.
“A single integrated digital payments solution, Tingg addresses the complex needs of managing payments by simplifying the payment experience for the end-user and providing tools and processes for a merchant to manage their collections from a single dashboard,” it said.
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Akshay Grover, Group CEO, Cellulant, said they are committed to providing innovative and accessible digital payment solutions to businesses in Nigeria, which play a pivotal role in enabling financial inclusion and driving economic growth in the country.
“The renewal of our license is a vote of confidence from the CBN on the efforts of our team and partners, who have worked tirelessly to create safe and secure solutions that meet the evolving needs of businesses in Nigeria and the regulatory standards,” he said.
Grover added that Tingg is now used by thousands of businesses and outlets in the 36 states across Nigeria, enabling businesses to easily collect and make payments, monitor transactions, reconcile and settle cash seamlessly.
“Tingg solves these challenges by delivering a single solution to accept all digital payment methods such as Bank transfers, Unstructured Supplementary Service Data payments and Cards & Mobile Money maintained with the highest compliance and security standards.”
