TANZANIA – Unlimit, a global fintech company, has announced its entry into the Tanzanian market and the receival of the Bank of Tanzania license, making it the third country in the African continent.
The approval of Unlimit as an authorized payment service provider by the Bank of Tanzania enables fintech to provide a range of new offerings. These include business payments, merchant services and outbound payments, among other things, to the Tanzanian market.
“It’s a tremendous opportunity to launch our operations in Tanzania and we’re excited to bring our unparalleled payments infrastructure to yet another market in Africa,” Trevor Goott, Director for Africa and India, Unlimit, said.
“Through digital payment solutions expertly tailored to the continent, we strongly believe we can help consolidate the fragmented African payments landscape and drive broader economic growth by providing the best possible support to local businesses and entrepreneurs. We are building for the long-term.”
The launch of Tanzanian operations marks an important step in Unlimit’s broader strategy of expanding into Africa, and follows the approval of similar licenses last year in Nigeria and Kenya.
By launching operations in a third African country, Unlimit has underscored its continued commitment to enhancing its presence and investment in the region by expanding the reach of its proprietary payment infrastructure across the continent.
The addition of this infrastructure will remove existing barriers to regional and global trade for the country’s entrepreneurs, as Unlimit continues to work towards its mission of eliminating financial borders around the world.
“We thank the regulators for their support and guidance, and we are now looking forward to onboarding international and local merchants, businesses and entrepreneurs and driving more value and consumer choice across the Tanzanian market through our unique payment solutions,” Peter Mlay, Head of Tanzania, Unlimit said.
Founded in 2009, Unlimit (formerly Cardpay) had initially rebranded to Unlimint. However, recently they rebranded again from Unlimint to Unlimit.
The new name is a strategic step in the company’s goal to unify its products and amplify its brand on a global spectrum. The company’s BaaS solution will now be called Unlimit BaaS. Its on- and off-ramp solution for Web 3, GateFi, renamed to Unlimit Crypto.
Additionally, the company has a new slogan of “borderless payments”. The fintech is evolving alongside the industry to deliver new solutions that meet ever-changing users’ needs.
Unlimit’s new website reflects this by providing a holistic view of the company’s offerings with an interactive map and descriptions of payment methods per region to empower businesses across the globe to make educated decisions about their expansion plan
The company’s mission is to deliver solutions that eliminate financial borders, enabling businesses to operate, both locally and internationally with ease, across Europe, the UK, LatAm, APAC, and Africa. Based in London, Unlimit has 500 employees across 16 offices and five continents, including Frankfurt, Singapore, São Paulo, Hong Kong, and Mexico.
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