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Pan-African fintech Cellulant bags 3 top prizes in Ghana

Ebo Richardson, board member for Inivare, celebrating with Eric Kortey, Ghana country manager for Cellulant, at the recent National Communications Awards. Photo: Supplied/Ventureburn
Ebo Richardson, board member for Inivare, celebrating with Eric Kortey, Ghana country manager for Cellulant, at the recent National Communications Awards. Photo: Supplied/Ventureburn

Leading pan-African fintech Cellulant has won no less than three prestigious awards in Ghana’s top competition for the movers and shakers driving the West-African country’s digitisation agenda.

The National Communications Awards also honoured Cellulant’s exemplary leadership in driving online and offline payments with its digital payment platform, Tingg. The platform allows people to collect and make payments anywhere in Africa.

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The awards ceremony, which celebrated communication and digitalisation companies, teams and professionals, is billed as Ghana’s biggest gathering of the communications, digitalisation and media community.

Cellulant was announced as the most innovative payment service provider of the year while Tingg was recognised among the top 20 innovative technology telecom products in Africa for 2022. Cellulant’s country manager in Ghana, Eric Kortey, won the Outstanding Payment Service Provider Business Leader of the Year category.

Kortey, who is the Ghana country manager for Cellulant, says as more money flows online and more people use digital finance apps and services, cashless transactions have grown significantly during the past two years.

“Ghana’s mobile money market was worth $92 billion in 2021, and estimates indicate that it could grow to $494 billion by 2027,” he says. “Cellulant has a significant market opportunity to provide these digital solutions to businesses and their customers.

“2022 has been a fantastic year for us in Ghana as we have scaled the business and built an ecosystem that allows businesses to pay and be paid. This award is an ode to the amazing efforts Cellulant’s team makes to integrate digital payments into the fabric of everyday life in Ghana.”

In 2021, Cellulant Ghana was granted a payments service provider license, enabling the business through Tingg to aggregate merchant services, process financial services, acquire merchants, deploy POS systems, and aggregate payments for banks and institutions as well as the general public.

Its proximity in-store payments solution, which enables businesses to take payments from any mobile network, is one of its offerings. Jumia, Kikuu, Bolt, Star Oil, Zen Petroleum, Papa’s Pizza, and Telefonika are among Cellulant’s clients in Ghana.

ALSO READ: Lessons for launching an African fintech in 2023

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