RightCard Payment Services Limited, a Lemonade Technology Inc. subsidiary, is proud to announce that it has obtained an International Money Transfer Operator (IMTO) license from the Central Bank of Nigeria (CBN). This milestone achievement demonstrates Lemonade Technology Inc’s (LemFi) commitment to providing secure and efficient services while complying with the regulatory framework set by the Central Bank of Nigeria.
As a licensed IMTO provider in Nigeria, RightCard Payment Services can now partner directly with banks, without intermediaries to offer its services in Nigeria which in turn enables a much better experience for customers sending money to Nigeria.
LemFi is already licensed as an Electronic Money Institution with the Financial Conduct Authority in the United Kingdom. Building on its global success and expertise, RightCard brings its innovative digital money transfer services to customers in various markets through the LemFi app.
LemFi’s user-friendly…