With the BOT's certification of Unlimit as an authorized payment service provider, the fintech will be able to offer the Tanzanian market a number of new services, including outbound payments, merchant services, and business payments.

Following the granting of comparable licenses in Nigeria and Kenya last year, Unlimit's expansion into Tanzania represents a significant step forward in its larger objective.

growth throughout Africa

Unlimit has demonstrated its unwavering dedication to augmenting its footprint and investment in the African continent by initiating operations in a third nation. This expansion is achieved by the expansion of Unlimit's exclusive payment infrastructure. For the nation's entrepreneurs, the construction of this infrastructure would eliminate current obstacles to regional and international trade as Unlimit works to fulfill its objective of eradicating financial boundaries worldwide.

"It's a tremendous opportunity to launch our operations in Tanzania and we're excited to bring our unparalleled payments infrastructure to yet another market in Africa," stated Trevor Goott, director of Unlimit for Africa and India.

"We firmly believe we can contribute to the consolidation of the fragmented African payments landscape and drive broader economic growth by offering the best possible support to local businesses and entrepreneurs through digital payment solutions expertly tailored to the continent." Our construction is long-term focused.
 

The head of Unlimit in Tanzania, Peter Mlay, stated: "We appreciate the regulators' assistance and direction. We are now eager to onboard local and foreign merchants, companies, and entrepreneurs. With our innovative payment options, we are also expanding Tanzania's market's consumer choice and value.