LemFi, operating under RightCard Payment Services Limited, has announced its approval from the Central Bank of Kenya (CBK) to commence remittance operations in the country. LemFi, a cross-border payment solution, empowers individuals in the diaspora to send and receive funds to and from Kenya seamlessly.
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With this regulatory green light, LemFi is poised to expand its remittance services, catering to the needs of over 500,000 Kenyans living abroad. Through the LemFi mobile app, diaspora Kenyans can easily transfer money back home from countries like the United Kingdom, the United States, and Canada to Kenya within minutes, utilizing channels such as M-PESA, mobile money wallets, and bank accounts, with no transaction fees.
This milestone underscores LemFi’s commitment to adhering to the regulatory framework set forth by the Central Bank of Kenya, ensuring the provision of secure and efficient remittance services to its customers.
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