London-based Fintech Company Unlimit Expands Operations to Tanzania After Securing License From The Bank of Tanzania
London-based fintech firm Unlimit is expanding its operations into Tanzania after securing a license from the Bank of Tanzania (BOT). This move, occurring less than a year after the company’s expansion into Nigeria and Kenya, solidifies its position as a leading provider of payment solutions in the region.
With the BOT’s approval, Unlimit aims to introduce a range of services in Tanzania, including business payments, merchant services, and outbound payments. This expansion underscores the fintech’s commitment to bolstering its presence and investment in Africa by extending its proprietary payment infrastructure across the continent.
By integrating this infrastructure, Unlimit seeks to address existing challenges to regional and global trade for entrepreneurs in Tanzania, aligning with its overarching mission to eliminate financial barriers worldwide.
“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,” Trevor Goott, Director of Unlimit for Africa and India, says.
In April 2023, the fintech unveiled its inaugural African operations in Nigeria after securing its Payment Solution Service Provider (PSSP) licence from the Central Bank of Nigeria. These developments allow the fintech to compete with other fintech companies such as Flutterwave, Lemfi, Payday, and Grey Finance in these African countries.
