LemFi, the international payments platform operated by RightCard Payment Services Limited, has secured operational approval from the State Bank of Pakistan (SBP) to facilitate inbound remittances into the country. This regulatory milestone enables LemFi to officially operate in partnership with United Bank Limited (UBL), one of Pakistan’s most established and trusted financial institutions.
The approval is expected to significantly improve remittance access for millions of Pakistanis living abroad—particularly in the United Kingdom, United States, Canada, and Europe—who regularly send money to their families back home. Pakistan recorded over $33 billion in personal remittance inflows in 2024, underscoring its importance as one of the world’s leading remittance corridors.
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“We are honoured to receive these approvals from the State Bank of Pakistan,” said Muhammad Daiyaan Alam, LemFi’s Head of South Asia Expansion & Growth. “Pakistan represents one of our most important corridors globally, and we’re committed to making cross-border transfers more reliable, affordable, and secure for Pakistani families worldwide.”
The SBP’s endorsement follows a rigorous evaluation of LemFi’s technical infrastructure, financial stability, and consumer protection protocols. It aligns with the central bank’s broader mission to promote financial inclusion and streamline legitimate cross-border transactions.
Philip Daniel, LemFi’s Head of Global Expansion & Growth, added, “Partnering with UBL allows us to combine our tech-driven platform with their legacy and reach, delivering a more inclusive financial future for Pakistanis everywhere.”
Key Benefits of the Partnership Include:
- Full compliance with SBP regulations and global anti-money laundering standards
- Secure, low-cost remittance services backed by UBL’s banking infrastructure
- Competitive exchange rates and innovative financial tools for users
As LemFi continues its global expansion, the company plans to deepen its presence in key remittance markets through strategic partnerships, acquisitions, and advanced technology.
For further information, visit wwwLemFi.com or contact legal@lemfi.com.
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