LemFi expands from money transfers into savings, credit and eSIMs
Product launch · announcedMonday 26 October 2026
LemFi, a fintech serving over two million customers, is extending beyond international transfers into savings, credit and eSIM products. The move targets migrants' financing gaps.
A major remittance fintech adding savings and credit products signals a shift toward full-service digital banking for diaspora customers.
Nigeria-focused fintech OPay sold 16 million American depositary shares at $19 each, raising $300 million and valuing the company at about $4 billion. It rang the NYSE opening bell, but ThisDay reports that trading was temporarily held over an outstanding regulatory clarification in a foreign jurisdiction.
The 2026 Access to Financial Services in Nigeria survey finds 64.4% of adults use digital financial services. The financially excluded share fell to 21% from 26% in 2023.
Mastercard, with Interswitch, has enabled eligible Mastercard cardholders in Nigeria to pay with Google Pay on Android devices. The launch extends contactless digital payment options for Nigerian consumers.
UBA says it is the first to enable Google Pay for eligible Visa and Mastercard users. The move extends mobile wallet payments to its eligible card holders.
OPay is seeking to raise up to $370 million through an initial public offering of American Depositary Shares in New York. The offer could value the digital payments firm at $4.4 billion.
