- October 10, 2019
- Posted by: Myles Freedman
- Category: More Industry Insights
African fintech company, Cellulant officially launched Tingg, an all-in-one, multi-functional consumer super app on Tuesday, 8 October 2019. The ‘super-app’ combines an array of payment, commerce and financial services onto a single online platform that hopes to revolutionise the way users interact with digital payment services on the continent.
According to the company, Tingg is the solution to fragmentation in the African digital payments space, particularly in cross-border payments. The platform supports payments, financial services and commerce at a local level – eliminating boundaries across channels and geographies.
Tingg is an all-in-one app that adapts to local contexts, making it easier for users and businesses to make and accept payments, as well as access digital financial services.
“Recent statistics indicate that roughly 62 per cent of sub-Saharan Africans are unbanked,” says Ken Njoroge, co-CEO of Cellulant. “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. It is for this reason that we have built a digital commerce platform that tackles not only the access problem but also offers a variety of financial services and improved user experiences.”
Cellulant’s digital payment infrastructure connects consumers and business to over 120 banks, 40 mobile network operators in one inclusive network allowing for interoperability that has eluded numerous players in the payments space. This sets Tingg on the path to accelerate Africa’s digital transformation by connecting consumers and business to a simple, fast and secure financial services experience.
Now available in Nigeria, Kenya, Ghana, Uganda, Tanzania, Mozambique, Zambia and Botswana, Tingg hopes to become Cellulant’s new unifying brand identity that will deliver on the company’s promise of a robust single payments platform for Africa’s marketplace.