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Cellulant Recognised for Excellence in Delivering Embedded Fintech Solutions Across Africa

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                            Cellulant (www.Cellulant.io), Africa's leading payments company, won the Award for Excellence in Integrated Financial Technology at the 7th Africa Financial Technology Summit in Washington, DC, in conjunction with the Spring Meetings from the IMF and the World Bank last month.



The Africa Fintech Summit brings together diverse stakeholders in the fintech space, offering an avenue for exploring ideas, mobilizing investment, and collaborations across sectors and geographies.  The summit highlights the issues and opportunities in African finance and entrepreneurs driving revolution on the world stage.



The annual Fintech Excellence Awards awards ceremony recognizes African fintech stakeholders for enabling Africa's entrepreneurial ecosystem and driving financial inclusion and literacy through innovation.



Cellulant was recognized for building payment rails that enable access to financial services for both businesses and individuals, thus offering a seamless payment experience.



Integrated finance is postulated to accelerate growth and drive innovation in Africa.  According to a Research and Markets report, the integrated finance industry in Africa and the Middle East is forecast to grow 45.3% annually, leveraging strategic partnerships to drive financial inclusion.  By integrating financial products tailored to a user's needs within a business infrastructure, customers can access financial services faster and more seamlessly.  Users get access to money-related services when they need them.



Commenting on the recognition of its integrated fintech solutions, Cellulant CEO Akshay Grover stated: “The payments market in Africa is growing rapidly and ranks second globally with digital financial services a key driver.  Consequently, this raised the level of financial inclusion from 23% in 2011 to 43% in 2017. For Cellulant, by providing the rails for global, regional and local companies to own their financial journey, we are unlocking opportunities for people become financially independent and empowered.  We are proud of this award as it is a testament to the excellent work our teams are doing across the continent to enable the rails that power online and offline payments for all businesses and their customers.
Cellulant Recognised for Excellence in Delivering Embedded Fintech Solutions Across Africa

Cellulant (www.Cellulant.io), Africa’s leading payments company, won the Award for Excellence in Integrated Financial Technology at the 7th Africa Financial Technology Summit in Washington, DC, in conjunction with the Spring Meetings from the IMF and the World Bank last month.

The Africa Fintech Summit brings together diverse stakeholders in the fintech space, offering an avenue for exploring ideas, mobilizing investment, and collaborations across sectors and geographies. The summit highlights the issues and opportunities in African finance and entrepreneurs driving revolution on the world stage.

The annual Fintech Excellence Awards awards ceremony recognizes African fintech stakeholders for enabling Africa’s entrepreneurial ecosystem and driving financial inclusion and literacy through innovation.

Cellulant was recognized for building payment rails that enable access to financial services for both businesses and individuals, thus offering a seamless payment experience.

Integrated finance is postulated to accelerate growth and drive innovation in Africa. According to a Research and Markets report, the integrated finance industry in Africa and the Middle East is forecast to grow 45.3% annually, leveraging strategic partnerships to drive financial inclusion. By integrating financial products tailored to a user’s needs within a business infrastructure, customers can access financial services faster and more seamlessly. Users get access to money-related services when they need them.

Commenting on the recognition of its integrated fintech solutions, Cellulant CEO Akshay Grover stated: “The payments market in Africa is growing rapidly and ranks second globally with digital financial services a key driver. Consequently, this raised the level of financial inclusion from 23% in 2011 to 43% in 2017. For Cellulant, by providing the rails for global, regional and local companies to own their financial journey, we are unlocking opportunities for people become financially independent and empowered. We are proud of this award as it is a testament to the excellent work our teams are doing across the continent to enable the rails that power online and offline payments for all businesses and their customers.”

Cellulant powers the collections and payments of thousands of companies in various sectors in 35 countries in Africa. The company offers its customers more than 280 locally relevant payment methods, including mobile money, cards and banks. Among these key clients are Emirates, Bolt, Citibank and Booking.com.

Cellulant’s unique API payment gateway, Tingg (http://tingg.africa/), enables global, regional and local businesses to collect payments online and offline, while allowing anyone to pay with your mobile money, local and international cards or directly from your bank. . Tingg powers payments for 220 million consumers on a single inclusive network, enabling interoperability across Africa.

In the ‘Embedded Everything’ panel discussing the impact of embedded finance, Milkah Wachiuri, Head of Growth at Cellulant Group, stated: “While access to financial services remains a distant reality for many on the African continent, Progress towards financial inclusion in recent years has been significant. Integrated finance dramatically reduces the friction of adopting financial products, changing the payment experience for customers and enabling the realization of financial and economic inclusion goals for more Africans.”

The Africa Fintech Summit (AFTS) honored 14 prominent stakeholders from the African ecosystem. AFTS US Director of Sales and Partnerships Sarah Chepkoech revealed and presented the awards during the Networks Reception Luncheon on Thursday, April 21.

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