Lemonway SAS is a regulated Payment Institution registered with the European Banking Authority (EBA). Our mission as defined in the Payment Services Directive 2 (PSD2), (4) is to provide and execute payment services throughout the European Union.
We operate in a highly regulated space and are subject to multiple checks and balances at the European and national levels. Lemonway SAS is headquartered in Paris, France, and is subject to ACPR (French Prudential Supervision and Resolution Authority) regulation and supervision.
Segregation of Funds
To protect our clients' funds, we have segregated those funds in safeguarding accounts. It means the funds are separated from Lemonway's assets in the event of our insolvency and used to repay our clients.
Lemonway funds are completely separate from Customer funds. Segregated funds are held with 4 tier-1 banks, headquartered in:
- France 🇫🇷
- Germany 🇩🇪
- Spain 🇪🇸
- Poland 🇵🇱
Garantie des Dépôts et de Résolution or GDR is the Deposit Guarantee Scheme for France. It protects depositor funds in banks and other financially regulated institutions. It is managed by the Fonds de Garantie des Dépôts et de Résolution (FGDR), which is the crisis operator for the banking and financial sector scheme. Its sole mission is to deal with compensation and solutions for customers and organizations impacted by financial crises. Read more...