LemFi receives additional approval to offer remittance services to Kenya
LemFi, the cross-border payment solution that enables the diaspora community to send and receive money back home has received additional approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.
The remittance services will be offered in partnership with Kenyan fintech Flex Money Transfer.
The fintech which entered the Kenyan market in June last year said in a statement that the approval demonstrates its commitment to providing secure and efficient services by partnering with trusted local partners while complying with the set regulatory framework by the CBK.
LemFi is a mobile app that provides Kenyans in the Diaspora with a seamless and efficient way to send money back home.
Kenyans in the United Kingdom, the United States of America, and Canada can send money within minutes directly to M-PESA, Mobile Money, and Bank Accounts at the best exchange rates—all at zero transfer fees. Prospective customers can download the LemFi app from the Apple App Store or Google Play Store.
The LemFi app also provides a Kenya Shillings wallet setup which customers can open and fund their accounts via mobile money. Once they open the account, the customer can easily change their Kenya Shillings to other currencies like USD, GBP and CAD depending on their transactions.
