Key Data

• Trading Name: Unlimit (previous Unlimint, Cardpay)
• Legal Entity: UNLIMINT EU LTD
• Activities: electronic money institution
• Location: Cyprus
• Regulations: aE-Money Institution authorized and regulated by the Central Bank of Cyprus
• Key People: Kirill Evstratov, Danils Kass, Pavel Maksimov, Vitalii Merkulov, Kristaps Zips

Unlimint (former Cardpay) is an electronic money institution focused on the acceptance and processing of online payments. Incorporated in Cyprus, UNLIMINT EU LTD is authorized and regulated by the Central Bank of Cyprus as an E-Money Institution.

The company was founded in 2009 by Kirill Evstratov.

Offering

Unlimit is a global fintech company – with 16 offices all over the world and more than 400 employees – that offers a large portfolio of financial services, from acquiring to banking and Banking-as-a-Service

Their service includes:

• card aquiring
• IBAN accounts
• White label solutions
• payment options like crypto, wallets, Mobile payment methods, bank transfers

Unlimint not only provides card processing; it offers more than 1500 alternative payment methods.

Latest News

By the end of 2022, Unlimit plans to launch GateFi, marking its expansion into the crypto space. The solution allows users across the globe to seamlessly exchange fiat money for crypto and crypto to fiat money while also acting as a Web 3 onboarding solution that opens the gates to Web 3 and DeFi for mainstream users everywhere.

Unlimit and 22Betgo

The partnership between Unlimit and 22Betgo, an online casino, has come under scrutiny due to its unconventional payment processing methods. Unlimit, an e-money institution regulated by the Bank of Cyprus, directs players to deposit funds into the account of Unlimint PSP FZ-LLC in the United Arab Emirates, deviating from standard industry practices. This approach raises concerns about transparency and adherence to EU money laundering rules, as players are left without conventional bank receipts for their deposits. The absence of 22Betgo’s name in the transfer details complicates chargeback requests. Additionally, Unlimit’s omission of its Cyprus operations in its global presence raises questions about transparency and regulatory compliance. Stakeholders and authorities must closely monitor such practices to ensure the integrity of online gambling platforms and protect the interests of players.

Conclusion

Unlimit is a regulated e-Money Institution in Cyprus. The website provides all the needed information about the operators. On Trustpilot, the company holds a 3.4-star rating with an Average Trust Level. However, we learned that Unlimit facilitates unauthorized brokers and casino schemes. Thus, we include Unlimint in our “Orange Compliance” list.