Kenya's Cellulant set for Egypt expansion after getting license

Cellulant, a leading Kenyan fintech company in the payments sector, has received initial approval as a Payment Service Provider and Payment Facilitator in Egypt. These newly acquired licenses further solidify Cellulant's presence in Africa, where it boasts the most comprehensive payment infrastructure. Operating in 35 markets with licenses and physical offices in 19 countries, Cellulant has seamlessly integrated over 370 payment methods.

Equipped with its collections and disbursement payment solutions, Cellulant empowers global and regional merchants in Egypt to effortlessly manage their B2B and B2C payments both domestically and internationally. This includes transactions through mobile money, wallets, cash, cards, or direct bank transfers across a diverse range of payment methods and currencies.

Ahmed Marwan, Cellulant's General Manager for Egypt and North Africa, emphasized the strategic timing of obtaining these licenses, stating, "With the prevalence of prepaid cards and mobile wallets already exceeding 40% of the adult population in Egypt, the timing of Cellulant's acquisition of these licenses could not be more opportune."