Lagos Nigeria, 22nd October 2019. Cellulant, Africa’s leading financial technology company has today announced the re-launch of its payment, agent &mobile banking app Tingg to an all-in-one, multi-functional consumer super app.
The new Tingg is set to include a wide array of payment, commerce, and financial services in a single platform that will change the way customers interact with digital payment services in the continent.
Tingg is Cellulant’s solution to the fragmentation in the African digital payments space, particularly in cross-border payments. As a platform that supports payments, financial services and commerce at a local level, Tingg seeks to eliminate boundaries across channels and geographies. The all-in-one app will offer an integrated and efficient user experience adapted to local contexts, making it easier for customers and businesses to access digital financial services, send and accept payments conveniently.
In Nigeria, with over 25,000 agents spread across 24 states, Tingg has the simple promise of bringing financial services closer to your doorstep.
Speaking on the re-launch “It has always been part of our vision to unite Africa through payment, and we are excited as we start this new journey. Our experience with driving financial inclusion in the rural has equipped us to scale our proposition of taking not just financial services but commerce as well to everyone across the country through a single platform”. Lanre Adelanwa CMO Cellulant Nigeria
Globally, Cellulant’s digital payment infrastructure connects consumers and businesses to over 120 banks, 40 mobile network operators in one comprehensive network which allows for interoperability that has eluded numerous players in the payments space. This sets Tingg on the path to accelerate Africa’s digital transformation by connecting consumers and businesses to a simple, fast and secure financial services experience.
“Currently, Africa moves more money on mobile phones than any other economy in the world and has a growing interest in digital financial solutions. Our team believes that this gives our region the unique opportunity to lead the way in developing robust financial platforms that can be customized to the needs in each country or locality while infusing cutting-edge technologies such as Blockchain, Artificial Intelligence, and Augmented Reality.”
Bolaji Akinboro, co-founder, Cellulant.
Now available in Kenya, Ghana, Uganda, Tanzania, Mozambique, Zambia, and Botswana, Tingg becomes Cellulant’s new unifying brand identity that will deliver on the company’s promise of a robust single payments platform for Africa’s marketplace.
Cellulant is a leading Pan-African payments company providing a one-stop digital payments platform. Cellulant’s belief in providing solutions to everyday challenges across Africa has led to digitizing payments end to end for various value chains and as a result, providing increased transparency and broader reach within a single mobile commerce platform for financial sector players.
Cellulant is on a mission to build the number 1 payments business in Africa; led by values-driven entrepreneurial-minded people. In pursuit of this mission, Cellulant has commenced the third iteration of its business strategy anchored on consumer payments, internet payments and marketplace payments. This is aimed at fixing Africa’s payments problems by connecting 700m mobile users to payments that power their daily lives.
Today, Cellulant’s payments platform spans 1 in 10 Africans, with 2.5 million doing monthly transactions. Cellulant’s coverage extends to 50% of banks in Africa and 17 million unbanked farmers in Africa. Cellulant debuted operations in Kenya and Nigeria in 2004 and has grown to operate across 11 African countries, including Zambia, Ghana, Zimbabwe, Tanzania, Uganda, Botswana, Mozambique, Malawi, Rwanda and a combined team of up to 350 people.