This archive report was first published on 8 October 2019.
On October 8, 2019, Cellulant, a leading financial services firm, unveiled a consumer app called Tingg, which offers a range of services including payments, commerce, and financial services.
The app, which is available in eight countries including Nigeria, Kenya, Ghana, Uganda, Tanzania, Mozambique, Zambia, and Botswana, allows users to pay utility bills, buy food and other products, and services.
Cellulant has partnered with various entities to offer users of Tingg a seamless experience. For instance, users can order gas delivery through the app, courtesy of a partnership with Go Beba under Tingg Assisted Shopping.
Additionally, users can access food services through partnerships with KFC and Simbisa Group (Pizza Inn, Chicken Inn, and Creamy Inn) under Tingg Food.
The app also enables users to create and manage investment groups (chamas) and fundraisers (changa).
According to Cellulant's co-CEO, Ken Njoroge, the app addresses the challenges faced by many Africans who are unbanked or struggle with high transaction costs, fragmented markets, and inconvenient payment options.
“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 Mr. Njoroge.
Mr. Njoroge further emphasized that the app offers a digital commerce platform that tackles not only the access problem but also provides a variety of financial services and improved user experiences.
Cellulant's digital payment infrastructure connects consumers and businesses to over 120 banks and 40 mobile network operators, enabling interoperability.
“Africa moves more money on mobile phones than any other economy in the world and has a growing interest in digital financial solutions,” said co-CEO Bolaji Akinboro.
