Unlimit, a leading global fintech company, has officially entered the Tanzanian market after receiving approval from the Bank of Tanzania (BOT). With the BOT’s authorisation as an authorised payment service provider, Unlimit is poised to introduce a range of new offerings, including business payments, merchant services, and outbound payments, to the Tanzanian market.
This milestone marks a significant step in Unlimit’s expansion strategy within the region, following similar licence approvals in Nigeria and Kenya last year.
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The expansion into Tanzania is part of Unlimit’s broader strategy to strengthen its presence in Africa and remove barriers to regional and global trade. By leveraging its proprietary payment infrastructure, Unlimit aims to drive economic growth and eliminate financial borders across the continent.
Trevor Goott, Unlimit’s Director for Africa and India, expressed excitement about the opportunity to launch operations in Tanzania, emphasizing the company’s commitment to providing tailored digital payment solutions that support local businesses and entrepreneurs.
Peter Mlay, Head of Tanzania at Unlimit, highlighted the company’s gratitude for the support from regulators and expressed eagerness to onboard merchants and businesses to enhance consumer choice and value in the Tanzanian market.
Unlimit’s entry into Tanzania follows its successful expansion into Kenya in June 2023, where it obtained a licence from the Central Bank of Kenya. This move underscores Unlimit’s commitment to providing reliable payment solutions and expanding its footprint across Africa.
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