.png)
The license allows it to offer various payment services in the country.
It is the first African country where Unliminst has a presence.
Unlimint Gains License in Nigeria
The press release shared with Finance Magnates highlighted that the new license makes Unlimint a recognized payment services provider in the country. The company can now offer a wide range of payment services to local businesses.
"Unlimint's expansion to Nigeria is a testament to our unwavering commitment to empowering businesses globally with our innovative payment solutions. We are proud to bring our cutting-edge technology and deep expertise to the Nigerian market, and we are confident that our solutions will enable businesses of all sizes to thrive and succeed in the digital age," said the CEO of Unlimint, Kirill Evstratov.
Becoming a Global Payments Platform
Unlimint offers an all-in-one payments solution that includes corporate accounts and acquiring. In addition, it enhanced its services with the launch of the banking-as-a-service (BaaS) product last year. Moreover, it dived into the cryptocurrency space with the launch of GateFi, enabling developers to connect traditional payment networks with blockchains.
Keep Reading
The World Goes Cashless, But Not Everyone Can Join The Party
2023 Digital Banking Trends and the Future of Banking
Headquartered in London, Unlimint has a presence in major financial hubs like Frankfurt, Singapore, São Paulo, Hong Kong, and Mexico. The company's move into Africa is strategically timed as Nigeria is experiencing an increasing demand for faster and more secure payment solutions.
"The African technology and payments sector has witnessed an exciting transformation over the past few years, with Nigeria being at the forefront of the African payments revolution," said Trevor Goott, the Director for Africa & India at Unlimint.