Cellulant, a leading payment technology company in Africa, has recently made a significant stride in its expansion journey. The company has secured new payment licenses in Egypt, marking its entry into the Middle East and North Africa (MENA) region.
Founded in 2002, Cellulant has been at the forefront of revolutionizing payment solutions across Africa. With its innovative approach, the company has successfully provided a single API payments platform that enables businesses to collect payments online and offline.
The recent acquisition of new payment licenses in Egypt marks a significant milestone in Cellulant’s expansion strategy. These licenses will enable Cellulant to aggregate merchant services, process financial services, acquire merchants, deploy POS systems, and aggregate payments for banks, institutions, and the general public.
With its collections and disbursement payment solutions, Cellulant will enable global and regional merchants operating in Egypt to manage their B2B and B2C payments seamlessly, whether through mobile money, wallets, cash, card, or direct bank transfers across multiple payment methods in various currencies.
Cellulant’s expansion into the MENA region is expected to have a profound impact on the payment solutions landscape. It will not only enhance the company’s global footprint but also provide businesses in the region with robust and efficient payment solutions.
The move is also expected to boost economic growth in the region by facilitating seamless financial transactions for businesses and consumers alike.