Through the agreement, LemFi will be able to expand into new international markets, such as China, India, and Pakistan, with Visa Cross-Border Solutions serving as its main partner for the facilitation of cross-border transactions. Additionally, approximately 250,000 consumers in the UK and EMEA countries will be able to obtain debit and pre-paid debit cards from Visa thanks to this cooperation.

"The combination of our expertise and our technology platform puts us in a very strong position to expand internationally in the coming months and years," stated LemFi's CEO and co-founder Ridwan Olalere. As we expand our services globally, Visa's speed-to-market, transparency, and scalability will be crucial.

The expert in cross-border money transfer will also persist in serving as LemFi's chosen supplier of e-payments and foreign exchange services, facilitating the remittance of money for hundreds of thousands of African people residing in the UK.

"LemFi is doing incredible work with nationals from countries in Africa - and we know the enormous impact that remittances have in that part of the world," stated Piers Marais, Head of Product at Visa Cross-Border Solutions.

Applying that knowledge on a worldwide scale is the next step in their corporate growth. We can't wait to travel with them on that adventure.