This archive report was first published on 8 October 2019.
On Tuesday, Cellulant officially launched Tingg, a multi-functional consumer app that integrates payment, commerce, and financial services into a single platform.
With partnerships in place with various service providers, Tingg enables users to make utility payments for water, electricity, and airtime, among other services.
According to Cellulant Co-CEO Ken Njoroge, Tingg aims to tap into the growing African digital payments space, where 62% of sub-Saharan Africans are unbanked.
“Recent statistics indicate that roughly 62 percent of sub-Saharan Africans are unbanked. However, even those of us who are able to open bank accounts often face challenges such as high transaction costs, fragmented markets and inconvenient payment options,” said Njoroge.
Cellulant’s digital payment infrastructure connects consumers and businesses to over 120 banks and 40 mobile network operators, enabling interoperability and seamless transactions.
As a platform that supports payments, financial services, and commerce at a local level, Tingg seeks to eliminate boundaries across channels and geographies.
“Currently, Africa moves more money on mobile phones than any other economy in the world and has a growing interest in digital financial solutions. Our team believes that this gives our region the unique opportunity to lead the way in developing robust financial platforms,” said Bolaji Akinboro, Co-CEO, Cellulant.
