back Back

Cellulant receives a Payments Systems Operator license from the National Bank of Uganda

By Edlyn Cardoza

November 14, 2022

  • Africa
  • API payments
  • Cellulant

Cellulant, Payments Systems Operator License, National Bank of Uganda, API Payments, Tingg, Financial Institutions, Mastercard, AfricaPan-African payment technology company Cellulant has been granted a Payments Systems Operator license by the National Bank of Uganda in line with the National Payments System Act, 2020. The Act guides streamlining operators in the burgeoning FinTech space in Uganda.

Cellulant Group, founded in 2003, has a history of delivering inventive technical and financial solutions implemented with a seamless user experience. The company today powers collections and payouts for thousands of businesses in various sectors across 35 countries in Africa.

Cellulant launched operations in Uganda in 2009 and through its single API payments gateway – Tingg – enables global, regional, and local businesses to collect payments online and offline serving its customers with locally relevant payment methods, including mobile money, cards, and banks.

By obtaining this license, Cellulant can develop its operations locally and regionally while reassuring its business partners that Cellulant complies with local and international security regulations. Having partnered with 6 financial institutions and over 50 merchants within Uganda, Cellulant is availing proximity mobile banking and checkout solutions to its merchants across the country.

According to Frances Diribe, Cellulant’s Chief Risk & Compliance Officer, “We welcome this development and are delighted that the Bank of Uganda has now licensed Cellulant Uganda as a Payment Systems Operator (large funds transfer). Uganda currently has over 800,000 registered businesses and a fast-growing digital youthful population. We’re on course to double down our work in offering these businesses and their clients’ dependable payment options. By streamlining the business payment process, they can concentrate on growing themselves.”

Cellulant boasts an 80% market share in providing payment solutions for all airlines in Africa, including Emirates, Kenya Airways, Jambojet, and Ethiopian Airlines, among others. They also offer solutions for the likes of Rubis, Oryx, Jumia, Kiku, MultiChoice, StarTimes, Zuku, National Water, and Umeme, among others. The company facilitates more than 300 million transactions per year with volumes in billions of dollars.

The Pan-African Payments pioneer recently announced its partnership with the global technology company, Mastercard, to empower millions of consumers across Africa to join the global digital commerce market through their virtual payment solution. Cellulant also recently partnered with LC Waikiki in Zambia & Orange Money in Botswana. With this accreditation in the Pearl of Africa, the company looks to progress its mission to create opportunities and accelerate economic growth for all of Africa.

Previous Article

November 14, 2022

JP Morgan to open Payments Lab in Greece

Read More
Next Article

November 14, 2022

Jack Henry supports Cornerstone Bank in strong loan growth

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024


Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Hecto Financial eases cross-border transactions with new solution

Read More


Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023