In order to increase their position in the Zambian market, operator Airtel Africa and payments 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 LCCI member companies.
Significant agreement 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 underscored by the fact that Tingg is a one-stop payment aggregator for SMEs and large international organizations, according to Cellulant. 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 wallets.
In fact, according to Cellulant, Tingg’s adoption in Africa is accelerating through solutions such as in-store payments that use USSD and QR codes to integrate mobile money and mobile banking as payment options. By doing so, 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 subsidiary in Zambia, Airtel Zambia, has acquired an additional 60 MHz of spectral region spread across the 800 MHz and 2600 MHz bands from the Zambia Information and Communications Technology Authority (ZICTA) for gross consideration of $29 million. , payable in local currency. This follows Airtel Africa’s notification of spectrum purchase in Tanzania two days ago. The additional spectrum will contribute to the development of the market network for mobile data and fixed wireless broadband capacity in the home, including the development of 5G. According to Airtel, Zambia is one of its biggest markets in terms of sales.