Lemon Way Sees Passporting Opportunities Swell in Post-Brexit World

While UK businesses are busy contemplating the loss of their passporting role in Europe, other groups have been rapidly assimilating new business across a number of different channels in the EU. French payment institution Lemon Way is one such entity, successfully passporting a financial agreement to 28 countries EU countries, according to a recent Lemon Way statement.

Lemon Way is a payment solutions provider that offers a number of managed services for European clients – presently the group operates in twenty countries throughout the continent. This sentiment was echoed by Damien Guermonprez, CEO of Lemon Way, in a recent statement on the growth: "We owe everything to Europe and to our European passport. Without it, we would not have gone so fast. Our funding comes from the European Union and our new recruits as well.”

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Indeed, Lemon Way's disruptive technology has caught fire throughout Europe, as alternative and digital Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term solutions have become all the rage in recent years. A total of 347 new partners were signed during H1 2016 alone, which now brings the total number of partners to 515. This was accomplished mainly through crowdfunding sites such as Lendix or other marketplaces.

Moreover, Lemon Way has also been active in its personnel front, opening three additional offices in Berlin, Milan, and Barcelona respectively. The group has also made some marquee hires, including Kimberly Ryan as its head of sales for the UK, which had previously been a source of expansion.

However, the recent fallout from the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term referendum and likelihood that the UK is on a path out of Europe has rewritten the playing field. "London will no longer be the gateway to the European single market and we already welcome requests from customers who were using British payment institutions" reiterated Sébastien Burlet, president and founder of Lemon Way.