Digital payments solutions provider Cellulant has had its Payment Service Solution Provider License renewed by the Central Bank of Nigeria (CBN), allowing it to continue to offer online and offline payment solutions to thousands of businesses across Nigeria. The license renewal includes permission to provide collections, check-out, biller aggregation, and payout services.
Cellulant’s digital payments platform, Tingg, offers a single integrated solution that simplifies the payment experience for end-users, while providing merchants with tools and processes to manage their collections from a single dashboard. This is particularly important in Nigeria, where volatile currency fluctuations and the lack of a single settlement framework have contributed to a rising demand for digital payments.
Tingg addresses these challenges by enabling businesses to accept all digital payment methods with the highest compliance and security standards. Cellulant has invested in robust security measures and compliance processes to ensure the integrity of its payment platform.
The company is licensed to operate as a Payments Service Provider in multiple African countries and has achieved global security, privacy, business continuity, and service management standards. This latest renewal by the CBN confirms Cellulant’s status as a trusted provider of digital payment solutions in Nigeria, and positions it to continue to lead in the development of the country’s digital payment infrastructure.
