LemFi Expands International Payment Services to Egypt
The strategic move adds Egypt to LemFi's growing list of over 30 destinations, strengthening its presence in the region, which already includes corridors like Morocco and Tunisia.
LemFi , a leading international payment service, today announced the expansion of its services into Egypt, marking a significant milestone in its mission to provide reliable and low-cost international payments across North Africa and beyond.
The strategic move adds Egypt to LemFi’s growing list of over 30 destinations, strengthening its presence in the region, which already includes corridors like Morocco and Tunisia. This expansion positions LemFi to tap into one of the world’s most important remittance corridors and one of Africa’s most significant economies.
“Egypt’s significance as a remittance destination cannot be understated. In recent years, the corridor has experienced consistent growth. Whether in LemFi’s existing markets or other markets that align with our global expansion ambitions, the Egyptian diaspora is significant, and they deserve quality service, such as the one we offer.”
–Philip Daniel, Head of Global Expansion and Growth, LemFi.
The decision to enter the Egyptian market is underscored by the country’s robust remittance landscape. In 2024 alone, Egypt received an impressive $20.6 billion in remittances, nearly doubling the amount from the previous year. This substantial flow highlights the critical need for efficient and affordable money transfer solutions for individuals sending money from key regions such as the UK, Canada, and Europe.
With over 2 million users globally, LemFi is committed to offering a seamless experience, reliable transfers, and competitive rates to its customers. The company’s expansion into Egypt is set to further empower individuals and families by facilitating easier and more affordable international payments.
