Pan African payments company Cellulant acquires PSP License in Ghana

Thursday 5 August 2021 08:55 CET | News

Central Bank of Ghana has granted payments company Cellulant a PSP licence that allows Cellulant to aggregate merchant services and process financial services.

The licence also provides Cellulant with the possibility of acquiring merchants; deploying POS systems, and aggregating payments for banks, institutions, and the general public. The licence is a requirement under the Payment Services Act 2019 which mandates that all Financial Technology or digital payments companies be licensed by the Bank of Ghana before they can operate in the country.

Making use of the licence, the company has also rolled out Tingg, a digital payments platform enabling businesses and their consumers to accept and make payments seamlessly. Businesses have already begun using Tingg to collect digitally from their customers across Ghana.

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Keywords: PSP, digital payments, online payments, merchant, POS
Categories: Payments & Commerce | Online Payments
Countries: Ghana
This article is part of category

Payments & Commerce