LemFi, a leading fintech platform dedicated to simplifying financial services for immigrants, has announced the expansion of its international payment services to facilitate seamless transfers from Canada and the United Kingdom to India. Furthermore, the platform will extend its services from the United States to India later this year.
With its commitment to providing hassle-free financial solutions, LemFi offers instant international transfers at competitive exchange rates, coupled with zero fees on transfers or account maintenance.
The announcement comes as a boon for millions of immigrants worldwide who often face challenges accessing financial services in their new countries of residence. Recognizing this need, LemFi launched its platform in 2020 to streamline remittance payments to Africa. Since then, the platform has expanded its services to encompass additional countries across Africa, Asia, and Europe from key regions such as the US, UK, and Canada.
Today, immigrants residing in new countries can leverage LemFi’s platform to initiate instant payments to India and 21 other countries, simplifying the process of supporting loved ones back home.
Philip Daniel, Head of Global Expansion & India at LemFi, expressed enthusiasm about the launch of the new India service, emphasizing its significance for the Indian diaspora in the US, UK, and Canada. Daniel stated, “With India being the largest recipient of remittances (estimated at 125 billion USD in 2023), our ambition is to establish LemFi as the preferred partner for the Indian population living abroad for their cross-border payment requirements.”
The expansion of LemFi’s services to India marks a significant milestone in the company’s mission to facilitate financial inclusion and empower immigrants worldwide. By offering zero transfer fees and competitive exchange rates, LemFi is poised to revolutionize cross-border remittances, providing a reliable and cost-effective solution for individuals supporting their families and communities abroad.