Central Bank of Kenya(CBK) has granted Payment Service Provider-Cellulant Authorization to expand its payments offering for businesses, banks, and consumers.
The authorization permits Cellulant to continue enabling businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards or directly from their bank.“As the payments industry has evolved globally, we are fortunate that the Central Bank of Kenya has provided a regulatory framework and environment that has allowed companies such as Cellulant to operate while adhering to the highest standards in providing payment solutions to businesses and their users. This authorization will enable us to continue serving our customers better with guaranteed secure and regulated conditions for us to facilitate payments. Said Faith Nkatha, Cellulant’s Country Manager in Kenya.
Cellulant, a fintech company and leading payments company in Africa, has partnerships with 45 of the largest mobile money operators and 210 banks across Africa and has a converged payments ecosystem that brings together a network of banks, businesses, mobile network operators and consumers. The company provides its services in 35 countries across Africa, including Ghana, Botswana, Nigeria, Kenya, Cameroon, Uganda, Tanzania, Zambia, Egypt, Ethiopia and South Africa, offering the largest and most connected payments network on the continent.