Source prnewswire
Unlimit and UnionPay International Announce Global Issuing Partnership
Rome, Dec. 4, 2023 /PRNewswire/ -- A global fintech company, Unlimit, has announced a partnership with UnionPay International (UPI), one of the world's largest payment services networks, to help accelerate the growth of the company's Banking-as-a-Service (BaaS) platform. Both companies are expected to collaborate to launch a new offering on the market shortly.Among the world's largest proprietary payment infrastructures, Unlimited has over 1000 payment methods available, and UPI has the largest cardholder base in the world. With Unlimit's BaaS platform aligned with UPI's global reach, both companies expect the partnership to result in a platform that is more dynamic, comprehensive, and customized, capable of meeting the evolving needs of a global customer base that will grow over time.As part of the partnership, which will see Unlimit's BaaS API solution integrated with UPI cards, Unlimit will aim to introduce new financial innovations and customer-centric solutions to customers around the world, such as digital banking solutions, cross-border payments, gig economy platforms, and loyalty programs. The agreement will now allow BaaS clients to add UPI cards as part of their digital offering, with a focus on customers who make frequent international transactions, with the intent of ensuring that businesses struggling with the challenges posed by cross-border transactions are able to leverage Unlimit BaaS through UPI's cards in order to leverage Unlimit BaaS.Jovi Overo, Director of Unlimit, commented on the partnership in the following manner: As a result of our partnership with UnionPay, we believe that we will be able to provide our clients with unmatched financial freedom through this partnership. In order to eliminate financial borders, we intend to combine one of the largest payment infrastructures in the world with the world's largest cardholder network. We will provide our clients with all of the tools they need to build fintech solutions that are designed to serve their customers, so that they are able to transact globally wherever they are in the world."Shengliang Yang, Co-head of the European market at UnionPay International, commented on the partnership as follows: It has been the goal of UnionPay, as a global brand, to expand its customer base to the European continent by setting its mission of localization. As a consequence of establishing a strategic partnership with Unlimit, we are able to better serve our cardholders in Europe by integrating our strong service capability with Unlimit's extensive local network."What Unlimit is all about As a global fintech company founded in 2009, Unlimit provides customers with a wide range of financial services, such as payment processing, banking as a service (BaaS), and many other financial services.. A key mission of the company is to deliver solutions that eliminate financial borders, thus enabling businesses to operate both locally and internationally with ease across Europe, the UK, Latin America, Asia, India, and Africa.. There are 500 employees at Unlimit distributed across 16 offices across five continents, including London, Frankfurt, Singapore, Sao Paulo, Hong Kong Special Administrative Region, and Mexico.. Please visit the following website for more information: https://www..It is limitless.com ltd. com ltd. The following are some facts about UnionPay International:This company specializes in the international business of UnionPay, a worldwide payment network that serves the world's largest cardholder base. With over 2,500 partners worldwide, UnionPay is now accepted by more than 70 million merchants in 181 countries and regions across the globe. UnionPay is accepted by more than 38 million merchants in outside of Mainland China as well as 1.76 million ATMs.During the sixth China International Import Expo (CIIE) that was held at the National Convention and Exhibition Center (Shanghai), the commercial card industry...In closing, UnionPay International, or UPI, one of the world's leading payment companies, continues to expand its presence in the European market by offering its customers a variety of...Get PRN's top stories and curated news delivered right to your inbox every week when you sign up!
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