Cellulant, a leading payments fintech company, has received initial approval to operate as a Payment Service Provider and Payment Facilitator in Egypt. The company aims to revolutionize the payment landscape for both global and regional merchants in Egypt. Its solutions will enable seamless management of B2B and B2C payments, incorporating diverse methods like mobile money, wallets, cash, cards, or direct bank transfers in various currencies.
Transforming Payment Solutions
The Egyptian payments sector has seen rapid growth, with the adoption of instant payments and fintech innovations reshaping financial services. The Mastercard New Payment Index 2022 indicates that 88% of Egyptians have used emerging payment methods, with a further increase anticipated. This change requires businesses to adapt to new, alternative payment options.
Cellulant’s Commitment and Expansion
Ahmed Marwan, Cellulant’s General Manager for Egypt and North Africa, emphasizes the company’s dedication to providing reliable payment options, simplifying business payment processes, and facilitating growth. Cellulant’s expansion into Egypt strengthens its presence in Africa, boasting one of the most comprehensive payment infrastructures, integrating over 370 payment methods, and operating in 35 markets with physical offices in 19 countries.
