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.
- Environmentalists fault EU’s alternative to Russian Gas instead of renewables
- Zamfara APC reconciliation not on personal interest, says ex Gov. Yari
- Experts, veterans charge journalists on professionalism
- Nigeria, others review progress on global migration compact
- NAF free medical outreach excites Kaduna residents
- Ooni urges Oyetola to rely on divine success for his second term
- Average price for 5kg cooking gas increases to N3,800.47- NBS
- Primary : Atiku visits Gombe, confident of PDP delegates’ support
- Ondo assembly passes 2022 OSOPADEC budget into law
- Okada ban: Lagos Govt. says June 1 deadline won’t stop enforcement
- Gov. Ugwuanyi sets up, operationalises 10 type-3 PHC centres in Enugu – ENS-PHCDA boss
- WHO urges increased surveillance as COVID-19 cases rise in Americas
- Mali’s withdrawal from G5 Sahel, Joint Force ‘a setback’ for the region
- FG committed to protecting Nigerians from harmful use of data- Pantami
- CAN, JNI pledge support as FG conducts headcount for teachers, pupils
- Delta traditional rulers to partner CSOs to deepen gains of MDGs
- I’ll complete airport, school projects before leaving office – Fayemi
- ASUU Strike: NANS protests in Ekiti
- British Council to establish Arts, Culture Academy in Nigeria
- Africities 2022 Summit: Backbone of the continent, intermediary cities absorb most of the urban population growth, according to a report co-led by the African Development Bank
- Lagos govt., Polaris Bank unveil N1bn fund to empower artisans
- Nigeria reiterates commitment to implementing GCM agreement in New York
- Okada ban: Lagos residents express divergent views
- Perm Sec. harps on need to revive lost cultural values, traditions
- Businessman arraigned for alleged importation of fake drug
- Enugu: No life lost, nobody injured in Emene incident – Police
- FCTA demolishes over 30 houses in Trademore Estate Lugbe, over flooding
- Salami Panel: Magu will still be prosecuted if indicted despite promotion – Minister
- African Energy Week (AEW) Releases First Video for its Energy Investment Drive
- Troops recover guns, ammunition from insurgents enclave in Imo – Army spokesman
- Couple charged with involuntary manslaughter of housemaid knows fate July 7
- FG, Netherland to intensify efforts at curbing environmental hazards in Nigeria
- Investigating Policy and Business Requisites to Boost Hydrocarbon Investment in Africa
- NGO canvasses for more awareness on laws against SGBV in grassroots
- Agroforestry, Land Use policy to address land degradation – Minister
- African Energy Week calls for nominations to its world-renowned African Energy Awards
- Managing internal boundary crisis key to sustainable development — Ondo deputy governor
- Digitalisation will make public service smarter, faster — Akeredolu
- 25 ships discharge petrol, other items at Lagos ports
- Smart Africa Digital Academy (SADA) Launches its National Digital Academy in Ghana
- Army boss calls for civil society involvement in tackling insecurity
- 10th Youth Development Webinar Program 2022 “Building Youth Resilience: Transition to Green Economy and Beyond”
- Buhari’s support gave me political glory – Bauchi governor
- ICT: NCC begins awareness creation on safety, security for girls
- WHO authorises China’s CanSinoBIO Covid-19 vaccine
- Court permits landlord to break open, change locks on tenant’s door
- Sanwo-Olu describes RANAO as vanguard association for national development
- Africa Hospitality Investment Forum (AHIF) Returns to Morocco
- Community leader, 2 others docked for alleged intimidation
- Zamfara APC holds mini delegates conference