Thu, Nov 21 2024
Leading fintech platform LemFi, which is revolutionizing financial services for immigrants, today revealed that its international payment services are now accessible from the US to India later this year, and that they are also currently available from Canada and the United Kingdom.
With no fees for transfers or account maintenance, LemFi provides instantaneous international transfers at the best exchange rates.
Millions of immigrants travel around the world each year in search of fresh starts. Obtaining financial services is among the first and most significant challenges people face. LemFi developed a platform in 2020 to provide simple remittance payments to Africa and to assist immigrants in adjusting to life outside. Since then, LemFi has increased the number of countries in Africa, Asia, and Europe that it offers from the United States, United Kingdom, and Canada.
Today, LemFi makes it possible to send quick payments to India and 21 other countries, even for those who have just declared residency in a new nation.
Philip Daniel, Head of Global Expansion & India, LemFi, 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." "Our goal 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," the statement reads. "With India being the largest recipient of remittances (estimated at 125 billion USD in 2023)."
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