Unlimint, previously known as Cardpay, is entering the African markets with the launch of its operations in Nigeria, which came after the company obtained a Payment Solution Service Provider (PSSP) License from the Central Bank of Nigeria.

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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term 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.

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.

"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."