LemFi Achieves Regulatory Milestone as It Joins Canada’s RPAA Framework, Enhancing Trust in Cross-Border Transfers

LemFi gains Bank of Canada oversight under new RPAA

LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.

LemFi Achieves Regulatory Milestone as it Joins Canada’s RPAA Framework, Enhancing Trust in Cross-Border Transfers

LemFi, a leading fintech app known for enabling low-cost and instant money transfers to Africa and Asia, has announced its official registration as a Payment Service Provider (PSP) under Canada’s new Retail Payment Activities Act (RPAA). The registration places the company within a robust federal supervisory framework designed to enhance consumer protection and strengthen trust […] The post LemFi Achieves Regulatory Milestone as it Joins Canada’…

LemFi secures Bank of Canada registration to strengthen position in Canada’s $8.6bn remittance market

Registration under Canada’s new Retail Payment Activities Act (RPAA) places LemFi within the country’s new robust federal supervisory framework Strengthens customer trust and positions LemFi to serve Canada’s growing outbound remittance market LemFi, the global financial platform built for the underserved, has officially been registered as a Payment Service Provider (PSP) by the Bank of Canada under the country’s new Retail Payment Activities Ac…

African Fintech LemFi Secures Bank of Canada Registration

LemFi, the global financial platform built for the underserved, has officially been registered as a Payment Service Provider (PSP) by the Bank of Canada under the country’s new Retail Payment Activities Act (RPAA).  LemFi already serves customers in Canada, and this new registration brings the company fully into the country’s enhanced federal supervisory framework, strengthening oversight under the Bank of Canada’s new payments regime. The miles…