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Cellulant has debuted a new digital pay platform, Tingg, which will help businesses and customers to make seamless payments.
This comes as digital payments have seen much growth in the last few years; 38.9% of the population over 15 years old has a mobile money account in Ghana.
Mobile money has gotten more popular for years, and Ghanians have adopted more digital payment infrastructure.
The high costs of digital payments are often passed on to users — an issue Cellulant says it’s trying to fix.
Recently, the Central Bank of Ghana has issued Cellulant a Payment Services Provider license, letting the company aggregate merchant services, process financial services, acquire merchants, deploy POS systems and aggregate payments for banks and institutions alongside the general public.
Cellulant will roll out Tingg in Ghana in order to provide ways to digitize payments, collect and disburse to customers, the release says.
Eric Kortey, Cellulant Ghana country manager, said Ghana was “fast becoming a hub” for FinTech, and a license for the company would open more doors.
“Cellulant’s digital payments platform is allowing every Ghanaian to pay for their goods and services through any payment channel of their choice,” he said. “Cellulant is addressing the fragmentation of payments for both businesses and their consumers. The digital platform, which recently also launched in Zambia, offers simplified payment tools and processes for a merchant to manage their payments. As a result, businesses can allow their customers to make payments for goods and services using locally relevant payment options.”
It was written that faster digital payments, refunds and streamlined shopping carts have helped out in the B2C space, though the B2B space hasn’t seen the same level of adoption.
In the B2B world, vendor payments haven’t gotten as much of the digital transformation as needed, with payments experiences for cross-border and other things remaining somewhat static.
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