Lyca Group Relaunches International Remittance Service, Lycaremit

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Lyca Group Relaunches International Remittance Service, Lycaremit

Lycaremit’s services are now available online and via IOS and Android applications.

LONDON – 13th July, 2021 –

• Lycaremit is giving all new customers £10 account credit when they download the app and register, as well as their first transfer for free: promocode (NEW10)
• When a customer refers a friend, they will both get £10 account credit when the referred friend makes their first transaction

The multinational Lyca Group, owner of the world largest MVNO, Lycamobile, has entered the global digital remittance market with the relaunch of its international money transfer service, Lycaremit. The launch is a key part of the Lyca Group’s strategy to develop its full-service digital business, to meet the evolving needs of its growing customer base.

From today, Lycaremit customers will be able to send money to over 50 countries around the world. To celebrate the relaunch, new customers will be able to make their first transaction absolutely free and will receive £10 account credit for doing so. In addition, when customers refer their friends, both earn £10 when the referred customer makes their first transfer.

The relaunch follows partnerships forged with Wari and Thunes, which saw Lycaremit’s services extend across the globe.

“We’ve built our business over the past decade by providing vital services to local communities around the world, from mobile to healthcare, entertainment to travel bookings. As our customers become increasingly digitally native, we see an opportunity to meet their demands for easy to use, cost-effective remittance. By relaunching Lycaremit we can provide a highly competitive service that all of our customers will benefit from,” said Subaskaran Allirajah, Lyca Group’s Founder and Chairman.

Navanit Narayan, Group CEO of Lyca Group said: “Lyca Group is on a journey to develop and deploy a unified, digitally enabled business that meets the evolving demands of an increasingly connected customer base. The relaunch of Lycaremit is the next step in this strategy, as we roll out value-added services that make it easier for our customers to stay connected with their friends and family, no matter where they are or their circumstances.”

With the remittance market estimated to reach $930.44 billion by 2026, the Lyca Group is confident that now is the right time to deliver a cross-platform, cost-effective solution for international money transfers.

Lycaremit is one of the latest business that Lyca Financial Services arm has launched. Earlier this year, the Company expanded its Lycainsurance product range to provide a broader spread of coverage for its customers, including home and life insurance.

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About Lycaremit

Launched in 2013, Lycaremit is a trading name of Lycamoney Financial Services Limited and part of the British multinational Lyca Group. Lycaremit allows customers to transfer money online to a growing list of over 50 countries around the world. It provides fast, secure, and reliable services with low transactions fees as attractive and convenient alternatives to the incumbent traditional money transfer companies.

Media Contact
Company Name: Lycaremit
Contact Person: Pushpakumara M W A
Email: Send Email
Phone: +44 (0) 783 384 0008
Country: United Kingdom