Nigerian fintech company, LemFi, has announced that its international payment services are now available from Canada and the United Kingdom to India and will be available from the US to India later this year.
Having originally offered remittance services for African migrants, LemFi through this new service has expanded its deliverables to migrants from Asian countries living in the U.S., U.K., and Canada
In a statement from the company, the Head of Global Expansion & India, Philip Daniel said: “We are very excited to launch the new India service which will enable the Indian diaspora in the US, UK and Canada to send instant remittances to their loved ones back home with zero transfer fees and unbeatable exchange rates.
“With India being the largest recipient of remittances (estimated at 125 billion USD in 2023), our ambition is to launch our India service from markets like Europe and the Middle East in the future and establish LemFi’s position as the preferred partner for the Indian population living abroad for their cross-border payment requirements.”
