500,000 Diaporans are set to benefit from the approval of a new remittance service, LemFi, by the Central Bank of Kenya.
The Central Bank of Kenya (CBK) approved RightCard Payment Services Limited, trading as LemFi, to operate remittances in partnership with Wapi Pay.
LemFi is a mobile app that provides Kenyans in the Diaspora with a seamless and efficient way to send money back home.
The app allows 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.
LemFi allows Kenyans to remit funds to M-PESA with zero transfer fees involved.
While celebrating the approval from CBK, RightCard noted this is a significant move towards achieving the organisation's vision and purpose in Kenya.
“It is a significant step in LemFi's promise of seamless international payments to the over 500,000 Kenyans in the diaspora,” explained Rightcard.
Further, they detailed that this move continues to cement RightCard’s dedication to providing secure and efficient services while complying with the set regulatory framework by the Central Bank of Kenya
Prospective customers can download the app from the Apple AppStore or Google Play Store or visit the website on www.lemfi.com.
Customers can also contact the organisation through its social media pages and the company’s email.