The license will allow PPRO to move its headquarters to Luxembourg and continue operating in Europe post-BrexitLondon, 2 nd April 2019 – PPRO, a cross-border payment specialist, has officially been granted an e-money licence by the Ministry of Finance in Luxembourg, securing its long term future in Europe The new local entity ‘PPRO SA’ (société anonyme) has been authorised to conduct financial services across the EU under the supervision of the national financial services regulator, the CSSF (Commission de Surveillance du Secteur Financier).

Commerzbank AG, Filiale Luxemburg is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it. Throughout it existence its purpose has been changed many times. The purpose of the General Security and Safety Rules (GSSR) is to draw external companies’ attention to a number of measures taken in the interests of all concerned. It is the first great example of French classical architecture during the 17th century, was the culmination of the long tradition of the chateau as a building type. Commerzbank AG, Filiale Luxemburg participates in the deposit guarantee scheme of Germany. Even before the Brexit referendum, PPRO commenced contingency planning to continue its operations in the EU. Fax: +352 42 124 5555. This demonstrates the appeal of the financial centre as a leading EUpayments hub and constitutes a further addition to the local FinTech ecosystem. With strong political and economic stability, many UK FinTechs have opted to apply for licences in Luxembourg. PPRO, a cross-border payment specialist, has officially been granted an e-money licence to operate in Luxembourg ahead of Britain’s departure from the European Union.

Luxembourg. Such marketing purposes will consist in Luxembourg for Finance sending me:

Our locations. Subsequently, PPRO decided to apply for an e-money licence (Electronic Money Institution Licence) in Luxembourg, the same operating licence currently being used in the UK. 2 visitors have checked in at PPRO Luxembourg. Luxembourg is a major e-money regulator and is one of the only few triple A-rated countries in the EU.

Direct: +352 42124 1. Office in Lëtzebuerg, Lëtzebuerg Foursquare uses cookies to provide you with an optimal experience, to personalize ads that you may see, and to help advertisers measure the results of their ad campaigns.

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With strong political and economic stability, many UK FinTechs have opted to apply for licences in Luxembourg. EY. Subsequently, PPRO decided to apply for an e-money licence (Electronic Money Institution Licence) in Luxembourg, the same operating licence currently being used in the UK. Without this licence, PPRO would lose passporting rights (the free movement of services within the European Union) once Brexit has been implemented. I explicitly consent to the storage and the processing of my personal data for marketing purposes by Luxembourg for Finance as explained in the

Legal and privacy . The Luxembourg Palace is a beautiful building situated in even more beautiful gardens in the center of Paris, on the left bank of Seine. Jack Ehlers, Director for Payment Partnerships at PPRO SA, who has overseen the licensing operation, said “It has been a long three-year process, but we’re delighted to have been granted our e-money licence by the Ministry of Finance in Luxembourg.

It was essential we secured this licence to continue operating in Europe, regardless of how Brexit now happens”.Luxembourg for Finance CEO Nicolas Mackel commented “We are delighted to welcome PPRO to Luxembourg.

Luxembourg. share on The licence has been granted to PPRO’s local entity PPRO SA, which will allow the payment specialist to move its headquarters to Luxembourg.