Global fintech Unlimit has expanded its principal licence with Visa in Mexico to include card issuance to the fintech’s local offering.
Following the expansion, Unlimit plans to work alongside co-brand partners, including banks, retailers and fintechs, to provide them with financial infrastructure that enables them to launch payment products across Latin America more easily.
Unlimit’s co-brand solution will not only look to enable businesses to significantly reduce the time it takes to launch a white-label financial product, in comparison to existing market solutions, but will also simplify the integration process, thanks to its API-driven technology.
“Unlimit’s goal has always been to support businesses in their expansion and growth strategies, no matter the size, and to eliminate existing borders, stopping them from doing so,” explained Ignacio Morales, country director of Unlimit Mexico. “This is an important next step towards that goal and our ongoing efforts to drive financial inclusion in the LatAm region, as well as diversifying Mexico’s financial landscape with global innovative solutions.”
Unlimit is a globally recognised leader in financial technology for payment processing, card issuance, and account management and has been active in Mexico since 2019. For the past six years, it has helped multiple local merchants successfully increase approval rates and establish efficient payment processing operations.
The latest news comes a few months after Unlimit joined forces with leading Mexican online electronics retailer Doto, to further the merchant’s continued growth and expansion. Through the partnership, Unlimit planned to enhance Doto’s payment processing capabilities by improving transaction acceptance rates, reducing bank rejections, and increasing high-risk transaction recovery rates.
By expanding its principal licence with Visa in Mexico to include card issuance, it hopes to enhance its local offering even further by changing the way card issuance is perceived in the region.
