LemFi provides international money transfers, multi-currency wallets, and currency conversion, designed for users in Australia, Canada, Europe, the UK and the US, to send money to over 30 countries in Africa, Asia, and beyond. Key services include rapid, low-fee transfers to bank accounts and mobile money, as well as specialised features such as savings wallets.
What this means
LemFi offers core services like:
- International Money Transfers: Fast, low-fee or zero-fee transfers to countries in Africa (e.g., Nigeria, Kenya, Ghana) and Asia (e.g., India, Pakistan, Philippines).
- Multi-Currency Wallets: Users can hold, manage, and convert funds across multiple currencies within the LemFi application.
- Instant Savings Wallet: Access to savings accounts that earn interest on GBP deposits for eligible UK users.
- Send Now, Pay Later (SNPL): A credit-powered remittance feature allowing users, particularly in the UK, to send money to families and repay later.
- Global Accounts: Enables users to receive remuneration or payments for services directly into their unique GBP or USD account details.
- Multiple Payment Options: Support for varied funding sources, including debit cards, bank transfers, Apple Pay, Google Pay, and Interac (Canada).
LemFi provides these services to residents in Australia, Canada, the United Kingdom, the United States, and select European countries.