Through a press release we learned the news of a new alliance of Lemonway, a centralized payment system, which will use the technology RippleNet for cut costs and speed up payments in euros within the European market.
With the expansion of globalization and the digital market, payments have also evolved over the years and various forms of payment have emerged; all are trying to use and integrate the system of their choice to ensure higher speed and low cost in terms of fees.
And this is how Lemonway has decided to form a partnership to use RippleNet.
A solution, the one offered by Lemonway, which through its Nium service is already used by more than 1,400 marketplaces throughout Europe. And it is precisely because of the considerable volume of users and, consequently, of transactions that it has opted for use Ripplenet to scale euro payments, as the commercial and marketing director recalls Martin-Pierre Gaultier:
“As a company that embraces innovation, we are always looking for new business models and technological capabilities that allow us to offer better services to our merchants. Our partnership with Ripple is a testament to this and we are excited to be able to offer faster and more profitable payments to support the changing needs of our customers and merchants. ”
RippleNet will improve payments in euros
With the implementation of RippleNet the platform will be able to improve the processing of payments in euros and in the future they will be able to extend the service to other currencies using the same system.
This shows that RippleNet can be applied not only to financial institutions but also to other realities in this sector, as stated by Nium's Global Director of Institutional Business, Rohit bammi:
“We are pleased to announce the improvement of payment routes for Lemonway users. Nium seeks to create a fintech infrastructure that can help banks and financial institutions launch and scale innovative digital financial services without the complexity, time, and cost previously required to do so, and this partnership with Lemonway through RippleNet to enhance its capabilities. payment is a testimony of that ".