Societe Generale & Lemonway partner for B2B marketplace payment services

By Gloria Methri

European banking group Societe Generale and Lemonway have signed a commercial partnership to deliver payment services to large corporates in Western Europe.

Lemonway offers modular and end-to-end solutions for B2B marketplaces which include payment and strategic services such as customer verification and payment account opening, reconciliation of flows for beneficiaries, and performance monitoring.

This allows B2B marketplace operators to manage complex transaction flows in compliance with regulatory standards. The technical implementation of the partnership is expected to be effective soon, in eight European countries (France, Germany, Italy, Spain, Belgium, Netherlands, United Kingdom, and Switzerland).

The partnership relies on Lemonway’s expertise to manage third-party payments services, combined with the security of Societe Generale services in cash management.

Societe Generale complements its eCommerce solutions, through active partnerships or investments. Through the partnership, Lemonway will reinforce its position with large corporates in Western Europe.

“Societe Generale is proud to announce this commercial partnership with Lemonway, whose expertise and tailored approach perfectly fit our DNA. This partnership enables us to support our clients in their digital transformation, offering ever more complete and innovative payment services, in line with the specific needs of large corporates for their B2B marketplaces. It illustrates Societe Generale’s long-standing cooperative approach with fintech companies to provide innovative solutions for our clients,”  explained Alexandre Maymat, Head of Global Transaction and Payment Services at Societe Generale.

“Lemonway is proud to partner with a world-class bank such as Societe Generale. Its large account service experience combined with our third-party payment expertise precisely meets the expectations of this fast-growing market. Together we offer B2B marketplaces a secure, scalable, and compliant payment experience that enables our customers to accelerate their growth,” said Antoine Orsini, Chief Executive Officer of Lemonway.