LemFi has partnered with stablecoin infrastructure company BVNK to improve how it settles international money transfers, using blockchain-based stablecoins to make cross-border payments faster and more cost-efficient.
The partnership will allow LemFi to use BVNK’s infrastructure to settle transactions through stablecoins, creating a new layer for its global remittance network. The fintech company said the move will help reduce delays and costs associated with traditional international payment systems.
LemFi, which serves immigrants sending money between countries, is expanding its use of digital assets as it looks to modernize the infrastructure behind global remittances.
LemFi turns to stablecoins for faster global payments
The fintech company said its partnership with BVNK will enable near-instant settlement of cross-border transactions while improving efficiency for customers sending money internationally.
Traditional remittance systems often rely on multiple banking intermediaries, which can slow down transfers and increase fees. By using stablecoins as a settlement tool, LemFi aims to create a faster financial pathway for moving value across borders.
“The money that crosses borders still moves on rails built decades ago, slow, expensive, and quietly taxing the people who can least afford it,” Ridwan Olalere, co-founder and CEO of LemFi, said.
“We’re rebuilding those rails. Stablecoins let us settle near-instantly and reduce costs; BVNK provides the infrastructure to do so safely and at scale.”
The partnership forms part of LemFi’s broader strategy to upgrade the technology supporting remittances for diaspora communities around the world.
LemFi currently serves more than two million customers across the UK, Europe, Africa, and North America. The company initially focused on international money transfers but has expanded into additional financial products, including savings, credit, and wealth management services.
Read also: LemFi acquires Wealth8 as immigrant fintech pushes into investing
Why LemFi’s stablecoin move matters for African fintech
The partnership highlights the growing role of blockchain-based payment infrastructure in Africa’s fintech ecosystem.
Remittances remain a major part of Africa’s digital finance landscape, with millions of people relying on cross-border transfers to support families, businesses, and communities. Faster settlement technology could help fintech companies improve the speed and reliability of these transactions.
Stablecoins have gained attention because they combine blockchain technology with price stability. Unlike traditional cryptocurrencies that can experience significant price swings, stablecoins are designed to maintain a fixed value by being linked to assets such as the U.S. dollar.
For fintech companies operating across multiple markets, stablecoins can provide another option for moving money internationally without depending entirely on traditional settlement networks.
LemFi has already been investing in stablecoin adoption. Earlier this year, the company received investment from Tether, the company behind USDT, one of the world’s largest stablecoins. LemFi also announced plans to integrate USDT as a settlement layer within its payment infrastructure.
The partnership with BVNK strengthens that approach by providing the technology needed to handle stablecoin-based settlements at scale.
Read also: Payaza expands into Australia and New Zealand to strengthen cross-border payments
What to watch next in Africa’s digital payments market
The LemFi and BVNK partnership reflects a wider shift as fintech companies explore new ways to improve international payments.
Investors, founders, and digital finance companies will be watching how quickly stablecoin infrastructure moves from experimental technology into everyday payment systems.
The growing interest from major financial players also signals increasing confidence in stablecoins as a future payments technology. Earlier developments in the sector included Mastercard announcing an agreement to acquire BVNK, showing that established financial companies are paying closer attention to blockchain-based payment solutions.
For African fintech startups, the development could encourage more innovation around remittances, digital wallets, and cross-border financial services.
The next stage will likely focus on adoption, regulation, and how companies integrate stablecoin settlement systems into existing financial networks while maintaining security and compliance.
Read also: Nigeria fintech H1 2026 report: The fintech market is moving beyond payments
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