African FinTech Cellulant is partnering with Senegal-based Gainde 2000 on a five-year plan to “offer an end-to-end Pan-African technology infrastructure and payments solution for trade, revenue and tax collection for governments and multinational companies,” the companies announced on Thursday (Sept. 2).
The tie-up means Gainde’s e-government solutions are now paired with Cellulant’s payments solutions.
“This partnership will offer a digital payments platform that will help governments improve their trade environment and meet the challenges of payments and modern customs administration through reduction of time and cost in trade transactions,” according to the joint announcement.
“Global and regional businesses have access to a single-window system operated on a technological infrastructure offering a set of services, including a single payment integration into all essential payment methods in 35 countries in Africa,” the announcement stated.
“This partnership with Cellulant not only marks a milestone on our journey to facilitate trade formalities — it also signifies a dramatic shift for the future of financial trade-related transactions, security operations and human-driven applications,” said Daniel Sarr, regional executive director of Gainde 2000. “This partnership will bring together Gainde 2000 expertise in trade facilitation and digital transformation with the power and scale of Cellulant in digital payments platforms, data science and risk monitoring.”
As part of the partnership, Cellulant will provide a single digital payments platform, Tingg, which will address payment needs for both governments and businesses with the ability to collect and make payments across 154 payment methods in different currencies in 35 countries. Cellulant works with 220 million consumers across Africa.
“The relationship with Gainde 2000 grew in a very organic way before the partnership crystallized,” said Baba Gueye, regional head of Cellulant in WAEMU, in the joint announcement. “As pioneers in our respective sectors, we have complementary core businesses.”
In November, South African FinTech company Entersekt partnered with Cellulant to bring enhanced cybersecurity to mobile banking and digital payments.
Schalk Nolte, chief executive officer of Entersekt, said in a statement that the collaboration with Cellulant will “drive consumer confidence in digital banking and boost the adoption of digital payments on the continent.”