Fintech company Cellulant has obtained initial approval to operate as a Payment Service Provider and Payment Facilitator in Egypt. We are excited to successfully secure these licences and solidify our operations in Egypt, making our payment solutions accessible to the regional and global businesses operating in and getting into Egypt,” Ahmed Marwan, Cellulant’s General Manager for Egypt and North Africa, said. Customers are expanding their purchase methods, necessitating businesses to expand their payment methods to alternative and locally relevant ones. According to the company, it currently powers payments for over 2000 businesses, processing 20 million monthly transactions valued at about $1bn. CBK Grants Cellulant a Payment Service Authorization – Kenyan Wallstreet

Source: The North Africa Journal November 16, 2023 21:49 UTC