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UK fintech Unlimit secures new PSP licence to expand into Tanzania

March 15, 2024

UK-headquartered fintech Unlimit has received authorization as a payments service provider (PSP) by the Bank of Tanzania (BOT).
Unlimit specializes in cross-border business payments infrastructure and plans to introduce new offerings such as business payments, merchant services, and outbound payments to the Tanzanian market.
This move is part of Unlimit’s expansion efforts in Africa, following its approval as a payment solution service provider (PSSP) by the Central Bank of Nigeria in April last year and receiving a licence from the Central Bank of Kenya the following June.
Unlimit aims to remove existing barriers to regional and global trade, aligning with its goal of eliminating financial borders worldwide.
Trevor Goott, director for Africa and India at Unlimit, sees the new licence as a tremendous opportunity to help consolidate the fragmented African payments landscape and drive broader economic growth by supporting local businesses and entrepreneurs.