LemFi is partnering with BVNK to shift its cross-border settlement onto regulated stablecoin rails, aiming to enable near-instant settlement and lower costs for international remittances.

For the two million people using LemFi to send money from North America, Europe, and Australia to markets across Africa, Asia, and Latin America, the underlying infrastructure has historically caused delays.

International payments typically move through correspondent banking networks and SWIFT, which can take days to settle and add costs along the way.

LemFi is addressing this by routing settlement over BVNK’s stablecoin infrastructure.

The transfer happens entirely in the background. Users continue to send and receive local currency without holding a crypto balance or changing how they use the app.

The partnership advances the stablecoin settlement strategy LemFi announced in May 2026. At the time, Tether invested in the company to support the integration of USD₮ as a settlement layer.

According to the World Bank, the average global cost of sending remittances was 6.36% in the third quarter of 2025. This is more than double the UN Sustainable Development Goal target of 3% by 2030.

Faster settlement is a direct way to reduce these transaction costs.

“The money that crosses borders still moves on rails built decades ago, slow, expensive, and quietly taxing the people who can least afford it,”

said Ridwan Olalere, Co-founder and CEO of LemFi.

“Stablecoins let us settle near-instantly and reduce costs, while BVNK provides the infrastructure to do so safely and at scale.”

BVNK operates a compliance-focused platform holding more than 25 licenses and regulatory approvals across the UK, Europe, and the US.

The company already powers stablecoin payments for several global enterprises.

“Stablecoins are becoming the base layer for how the world moves money, and remittances are one of the clearest places that shift changes lives,”

said Chris Harmse, Co-founder and Chief Business Officer of BVNK.

“Powering their settlement with our infrastructure means faster, cheaper transfers reach real families.”

LemFi is rolling out stablecoin settlement across its corridors on a market-by-market basis, limited to jurisdictions where central bank and regulatory frameworks permit it.

The company recently selected London as its global headquarters, backed by a £100 million UK investment commitment.

Featured image credit: Edited by Fintech News Switzerland, based on image by magnific via Magnific