Lyca Group relaunches the international remittance service, Lycaremit


Lycaremit’s services are now available online and through the IOS and Android apps.

LONDON – July 13, 2021 –

• Lycaremit offers all new customers a £ 10 credit when they download the app and sign up, plus their first transfer for free: promo code (NEW10)
• When a customer refers a friend, they will both receive a £ 10 credit when the referred friend completes their first transaction

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

Starting 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 complete their first transaction absolutely free of charge and receive a £ 10 account credit for doing so. Additionally, when customers refer their friends, both earn £ 10 when the referred customer makes their first transfer.

The relaunch follows partnerships with Wari and Thunes, which have seen Lycaremit’s services expand across the world.

“We have built our business over the past decade providing essential services to local communities around the world, from mobile phones to healthcare, entertainment and travel reservations. As our clients become more digital natives, we see an opportunity to meet their demands for easy-to-use and cost-effective money transfers. By relaunching Lycaremit, we can provide a highly competitive service that will benefit all of our customers, ”said Subaskaran Allirajah, Founder and Chairman of Lyca Group.

Navanit Narayan, CEO of Lyca Group, said: “The Lyca Group is developing and deploying a unified, digital business that meets the ever-changing demands of an increasingly connected customer base. Relaunching Lycaremit is the next step in this strategy, as we deploy 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 situation. “

With a remittance market estimated at $ 930.44 billion by 2026, the Lyca Group believes the time has come to deliver a multi-platform and cost-effective solution for international money transfers.

Lycaremit is one of the latest companies launched by the Lyca Financial Services branch. Earlier this year, the company expanded its Lycainsurance product line to offer broader coverage to 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 is 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 transaction fees as attractive and convenient alternatives to traditional incumbent money transfer companies.

Media contact
Company Name: Lycaremit
Contact person: Pushpakumara MWA
E-mail: Send an email
Call: +44 (0) 783 384 0008
Country: UK

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