Visa Cross-Border Solutions department specializing in cross-border money laundering, has signed an agreement with LemFia leading international payments company, have signed an agreement to expand their existing partnership globally.
Details
The deal will allow LemFi to expand its reach into new markets around the world, including China, India, and Pakistan, with Visa Cross-Border Solutions becoming its primary partner in facilitating cross-border transactions.
The partnership will also enable Visa to provide debit and prepaid debit cards to more than 250,000 users in the UK and EMEA regions.
Digging deeper
The cross-border money movement specialist will also continue as the preferred provider of electronic payments and foreign exchange services for LemFi, supporting the remittance of funds for hundreds of thousands of UK-based citizens from various African countries.
What they say
Ridwan Olalere, CEO and Co-Founder of LemFi, said: “The combination of our expertise and our technology platform puts us in a very strong position to expand internationally in the coming months and years. Visa’s speed to market, transparency and scalability will be critical as we expand our services around the world.”
Piers Marais, Head of Product at Visa Cross-Border Solutions, said: “LemFi does incredible work with nationals from countries in Africa β and we know the huge impact remittances have in this part of the world.
βThe next step for them to grow as a business is to take that expertise and apply it globally. We are so excited to be on this journey with them.β
Follow us on our WhatsApp channel, Twitterand Instagramand subscribe to our weekly newsletter to make sure you don’t miss any news.
Related