Unlimit Expands in Africa with Launch in Tanzania as Licensed PSP

Unlimit, the UK-headquartered fintech specialising in cross-border business payments infrastructure, is poised to make its mark in Tanzania following its authorisation as a payments service provider (PSP) by the country’s central bank. With this milestone approval from the Bank of Tanzania (BOT), Unlimit aims to introduce a range of new offerings, including business payments, merchant services, and outbound payments, to the Tanzanian market.

This strategic expansion underscores Unlimit’s commitment to advancing financial inclusion and facilitating seamless transactions across borders. Leveraging its expertise in payments infrastructure, the fintech seeks to address existing barriers to regional and global trade, aligning with its overarching mission of eliminating financial borders worldwide.

Unlimit’s foray into Tanzania marks a significant step in its broader African expansion strategy. Building on its approval as a payment solution service provider (PSSP) by the Central Bank of Nigeria in April last year and subsequent licensing from the Central Bank of Kenya in June, the company is poised to extend its reach and impact across the continent.

Trevor Goott, Director for Africa and India at Unlimit, views the acquisition of the Tanzanian PSP license as a tremendous opportunity. He underscores the company’s commitment to fostering economic growth by consolidating the fragmented payments landscape in Africa and empowering local businesses and entrepreneurs.

Unlimit’s entry into the Tanzanian market heralds a new era of innovation and accessibility in financial services, paving the way for enhanced cross-border transactions and catalysing economic development in the region. As the fintech continues to expand its presence across Africa, its mission to drive broader financial inclusion and empower businesses remains steadfast.

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