To boost their foothold in the Zambian market, operator Airtel Africa and payment provider Cellulant have made announcements. The Lusaka Chamber of Commerce and Industry (LCCI) and Cellulant Zambia have signed a Memorandum of Understanding (MoU) to provide digital payments to the LCCI’s member companies.
Significant deal for Cellulant’s Tingg payment system
This is a remarkable transaction for Cellulant’s Tingg payment technology, which connects more than 290 banks in Africa. The importance of this relationship is emphasized by the fact that, according to Cellulant, Tingg is a one-stop payment aggregator for both SMEs and large international organizations. As a result, members of the Lusaka Chamber of Commerce now have a choice of payment options that allow businesses to accept payments from customers using their preferred mobile wallet.
According to Cellulant, Tingg’s adoption in Africa is accelerating thanks to solutions such as in-store payments that use USSD and QR codes to integrate mobile money and mobile banking as payment options. By doing this, businesses can offer their consumers a wider variety of payment methods while streamlining business administration procedures for them.
Airtel Africa has since announced that its Zambia subsidiary, Airtel Zambia, has acquired 60 MHz additional spectral region spanning the 800 MHz and 2600 MHz bands from the Zambia Information and Communications Technology Authority (ZICTA) for a gross amount of USD $29 million, payable in local currency. This follows airtel Africa’s notification regarding the purchase of spectrum in Tanzania two days ago. The additional spectrum will help develop market networks for mobile data and fixed wireless broadband capacity for home use, including the development of 5G. According to Airtel, Zambia is one of the largest markets in terms of sales.
