This milestone development will help local businesses expand to both local and global audiences through a wide range of payment services and methods
UNITED KINGDOM: London-based global fintech Unlimint, has today announced the launch of its operations in Nigeria, after receiving its Payment Solution Service Provider (PSSP) License from the Central Bank of Nigeria (CBN). This milestone development authorises Unlimint to operate as a recognised payment service provider in the region, enabling the delivery of a wide range of payment services and methods that will help local businesses expand their reach to a local and global audience.
Unlimint is an award-winning global all-in-one fintech offering advanced payment capabilities through an evolving financial interface to startups and businesses across the globe with 16 offices across five continents. The company’s entry into Nigeria comes at a critical time when the country is experiencing an increased demand for faster and more secure payment solutions. Unlimint is poised to leverage its expertise and experience in the global payments industry to deliver tailor-made solutions that meet the unique needs of the Nigerian market. In addition to this, companies based in the UK will be able to easily expand operations into Nigeria and allow local customers to complete transactions with a wide range of payment options.
Over the last few years, the fintech industry has experienced consistent growth. According to Siegemedia, the fintech market is expected to grow and reach a value of over $37 billion USD (£29 billion) by 2026. A report by EY shows that in 2019, 64 percent of the global population used at least one fintech.
Commenting on this remarkable accomplishment, Trevor Goott, Director for Africa & India, said:
“We are delighted to announce this expansion. Unlimint’s vision is to be a key player in the region and it is essential that we ride the wave of the digital and technological innovations sweeping across the financial technology and payments sector within the African continent. The region’s 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. The Nigerian economy holds significant potential for fostering the development of innovative organisations such as Unlimint. We are here to offer a safe, secure, and reliable payment experience to businesses, entrepreneurs, and their customers. We have been perfecting our customer journey and our payments experience on a global scale over the past 13 years and are now bringing this capability to the Nigerian market. This launch is the first step in Unlimint’s African market expansion, with other announcements expected to be made over the coming months. We are excited about the endless opportunities our presence in Nigeria will bring for businesses and their customers alike and we look forward to being part of the Nigerian Payments Landscape”
Kirill Evstratov, Unlimint’s CEO, added:
“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. We also understand that digital business transactions especially must be borderless and boundless, as such, its financial infrastructure must be increasingly flexible, timely, seamless, and reliable. Our vision is to create a world where payments are seamless, secure, and accessible to everyone, and our expansion to Nigeria is a significant step towards realising that vision.”
Founded in 2009, Unlimit is a global fintech company that offers a large portfolio of financial services, including payment processing, banking as a service (BaaS), and an on-ramp fiat solution for crypto, DeFi, and GameFi. 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.