London-based Unlimint, previously known as Cardpay, announced on Tuesday the launch of Unlimint Banking and Cards (UBC), which is the fintech’s banking-as-a-service (BaaS) product.
The new product is offering payment accounts along with card issuing and processing solutions to businesses based in the European Economic Area, the United Kingdom and Latin America.
“We are delighted to announce the launch of our innovative new solution UBC, Banking as a Service API Platform,” said Jovi Overo, Unlimint’s Managing Director of BaaS.
“With UBC’s powerful, real-time, cloud -based platform, businesses get a complete toolkit that gives them the flexibility and control they need to build new financial products quickly and efficiently. Companies can retain their global, high-value customers and expand their services into Europe, the UK, and LATAM, providing market-leading digital payment capabilities that place them ahead of competitors.”
According to the company, the new white-label BaaS solution is flexible and enables clients to customize and integrate payments solutions directly on their platforms.
The BaaS product offers more than 150 APIs to allow businesses to customize their payment offerings. In addition, it includes crypto-to-fiat conversion.
“We will continue to implement new trends into our solution to offer a truly innovative global BaaS offering,” Overo added.
Creating an All-in-One Payment Solution
With its headquarter in London and presence in major financial hubs like Frankfurt, Singapore, São Paulo, Hong Kong and Mexico, Unlimint offers an all-in-one payments solution that includes corporate accounts, acquiring, crypto and now BaaS.
The company dived into the BaaS arena when growth for the industry is projected to be bullish. Earlier this year, the company emerged as the payment partner of Telegram, enabling in-app purchases on the popular messaging platform.
