Interview: Unlimit’s Yulia Shevchenko on the regulatory reality behind global fintech expansion

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It has given her a front-line view into how payments products must be rebuilt market-by-market - from banking rails and local partnerships to consumer behaviour and compliance expectations.She explains to RBI why being licensed in one jurisdiction doesn’t automatically mean you can operate in another. In addition, Shevchenko explains why localisation and discusseswhat’s next as regulators accelerate scrutiny of digital assets and crypto infrastructure.RBI: Unlimit operates in a crowded and competitive market. How would you summarise Unlimit’s value proposition, and what most clearly differentiates it from other payments providers?Yulia Shevchenko:The fundamental differentiator is that Unlimit acts as a primary architect, not a middleman. While most providers rely on third-party licenses, we have built a proprietary global network of local direct acquiring licenses across the world’s most complex markets - from LATAM to APAC and EMEA.Unlimit provides merchants with the sophisticated interface of a global fintech powerhouse, but with the raw performance and cost-efficiency of a local domestic provider. By owning the full payment stack and the regulatory licenses behind it, we reduce the costs and technical latency. Unlimit is not just a gateway; it is a unified financial interface that allows a business to treat a customer in Mexico City or São Paulo with the same operational ease as a customer in their home city.What have been the key regulatory or expansion milestones for Unlimit over the past 12 months, and what are the main priorities looking ahead to 2026? From a regulatory expansion perspective, one of the major successes of 2025 was becoming an authorised payment institution in Brazil, which allowed us to continue developing our payment infrastructure as a direct participant of the Brazilian Payment System. This enables us to deliver more comprehensive financial solutions to our clients, including accounts and card issuance and expand our portfolio of payment methods available to merchants.We also expanded the scope of our licence in India, obtaining an authorisation to operate as a cross-border payment aggregator, having been licensed as a domestic payment aggregator in 2024. The extended scope of our license includes both import and export capabilities. It enables Indian merchants to access our global payment infrastructure and seamless cross-border settlements across the world. At the same time, Unlimit can facilitate market entry for international clients by removing hurdles for accepting payments from Indian payers.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,814.75 -74.25 (-1.08%)Dow Futures48,420.00 -580.00 (-1.18%)Nasdaq Futures24,727.00 -277.75 (-1.11%)Russell 2000 Futures2,593.00 -41.70 (-1.58%)VIX19.86 +1.23 (+6.60%)Gold5,374.30 +126.40 (+2.41%)Trending tickersNQ=F Nasdaq 100 Mar 26 24,726.00 -278.75 (-1.11%)ES=F E-Mini S&P 500 Mar 26 6,814.75 -74.25 (-1.08%)CL=F Crude Oil Apr 26 71.92 +4.90 (+7.31%)YM=F Mini Dow Jones Indus.-$5 Mar 26 48,909.00 -622.00 (-1.26%)GC=F Gold Apr 26 5,374.30 +126.40 (+2.41%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 84.23 +30.54 (+56.88%)BWIN The Baldwin Insurance Group, Inc. 23.23 +4.74 (+25.64%)FIGS FIGS, Inc. 15.45 +2.98 (+23.90%)DELL Dell Technologies Inc. 148.08 +26.63 (+21.93%)PSKY Paramount Skydance Corporation 13.51 +2.33 (+20.84%)Top losersRUN Sunrun Inc. 13.25 -7.17 (-35.11%)FIGR Figure Technology Solutions, Inc. 25.28 -8.76 (-25.73%)CRWV CoreWeave, Inc. 79.56 -18.07 (-18.51%)ACA Arcosa, Inc. 107.48 -20.02 (-15.70%)TPC Tutor Perini Corporation 75.37 -14.01 (-15.67%)Most activeNVDA NVIDIA Corporation 177.19 -7.70 (-4.16%)NFLX Netflix, Inc. 96.24 +11.63 (+13.75%)NU Nu Holdings Ltd. 14.98 -0.08 (-0.53%)PLUG Plug Power Inc. 1.7900 -0.1200 (-6.28%)SOFI SoFi Technologies, Inc. 17.76 -1.34 (-7.02%)Top economic eventsEarnings eventsMy earnings eventsEarnings events