back Back

Unlimit secures RBI’s Payment Aggregator License, launches operations in India

By Gloria Mathias

April 26, 2024

  • fintech India
  • Fintech news
  • India Expansion
Share

Unlimit, Fintech News, India Payments, India Expansion, Fintech India, Fintech News, RBI license, Payment aggregator license, India operations, Unlimit, the global FinTech company has announced its entry into the Indian market and the receipt of its Reserve Bank of India (RBI) Online Payment Aggregator license, marking an important milestone in the company’s global expansion strategy.

This development authorises Unlimit to operate as a payment service provider in the region, enabling the delivery of a wide range of payment services and methods to help local businesses expand their reach to a larger audience.

Unlimit’s launch of operations in India is timely as the country is experiencing major growth in digital commerce, which is increasing demand for faster and more secure payment solutions.

According to Statista, the region’s largest electronic payments sector in 2024 will be digital commerce, with a projected total transaction value of $211.30bn. The region’s total digital payments transaction value is projected to reach $254.60bn in 2024, and $394.40bn by 2028, with an annual growth rate of 11.56%.

Asheesh Agrawal, CEO of Unlimit India, said: “Unlimit’s launch in India is a logical next step in our global expansion strategy and a testimony of our commitment to continuously empower businesses worldwide with a reliable and secure payment experience. Securing the RBI Online Payment Aggregator license is a significant moment for us, allowing us to support the evolution of the local digital payments landscape and to bring our comprehensive suite of payment solutions to the local business community.”

The receipt of the RBI license follows closely behind Unlimit receiving its Bank of Tanzania (BOT) license and expanding its presence in the African region.

Previous Article

April 26, 2024

Visa joins AWS Partner Network to simplify global digital payments

Read More
Next Article

April 26, 2024

Clayfin Technologies & Jana Small Finance Bank honored with Prestigious IBSi Digital Banking Award 2024

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

fintech India

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

HSBC & Geidea to launch Omni Collect e-commerce payment solution in the UAE

Read More

Today

NeoFinity launches ‘NeoZAP’, a premier payment tag in India

Read More

Today

Lianlian DigiTech secures EMI license in Luxembourg

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023