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LemFi goes live in India to offer instant, low-cost payment transfer services

By Gloria Mathias

May 06, 2024

  • Canada
  • FinTech
  • fintech India
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LemFi. Lemonade Finance, ClearBank, FinTech, Rightcard Payment Services, UK, India Immigrants, Canada, US, Money Transfer services, LemFi, a FinTech platform transforming financial services for immigrants, has announced that its international payment services are available from Canada and the United Kingdom to India and will be available from the US to India later this year.

LemFi offers instant international transfers at the best exchange rates, with zero fees on transfers or account maintenance. LemFi launches India services from Canada and the UK, and soon from the US, offering zero transaction fees forever and the best exchange rates.

Every year, millions of immigrants relocate to countries across the globe in pursuit of new beginnings. One of the biggest obstacles they encounter is accessing financial services. In 2020, LemFi created a platform to help make living abroad easier for immigrants, enabling straightforward remittance payments to Africa. Since then, LemFi has further expanded its offering to additional countries in Africa, Asia and Europe from the US, UK, and Canada.

For those who have recently claimed residency in a new country, LemFi can enable instant payments to be sent to India and 21 other countries.

“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,” said Philip Daniel, Head of Global Expansion & India, LemFi. “With India being the largest recipient of remittances (estimated at $125 billion in 2023), our ambition is to launch our India service in 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.”

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