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Changes on the payment services market – PFSA’s data for the period 07/2018 – 03/2019

National payment institutions (KIP)

The number of KIPs in the first quarter of 2019 has not changed compared to the end of 2018 and is still 40 entities. However, KIP own funds increased significantly from PLN 413.75 million at the end of Q4 2018 to PLN 567.5 million at the end of Q1 2019. Also positive information is that all KIPs comply with the statutory capital requirement requiring KIP to have at any time, funds adapted to the size of the business and the type of payment services that can be provided based on the authorization granted.

The number of transactions carried out by KIP is also constantly increasing. The PFSA chart shows that from the beginning of Q1 2018 to the end of Q1 2019, the number of transactions increased from PLN 325.2 to PLN 464.11 million. This demonstrates the constant development of this service sector. From the total of payment orders carried out by the National Clearing Institution (KIR) at the end of Q1 2019, as much as 98.38% of orders were payment transactions carried out by KIP. For comparison, in Q4 2018 they accounted for 89.24% of orders. There was also a slight percentage increase in the value of these transactions in relation to the rest of operations, i.e. from 2.73% of the total transactions carried out by KIR in the Q4 of 2018 to 2.79% of the total transactions carried out by the KIR in the Q1 of 2019.

In turn, the total value of disclosed payment loans granted by KIP increased by over PLN 5 million, i.e. from PLN 55.2 million in Q4 2018 to PLN 60.8 million in Q1 2019.

The Polish Financial Supervision Authority was optimistic that in both analyzed periods KIPs as a rule submit the required financial and statistical statements within the statutory deadline.

Small payment institutions (MIP)

In contrast to the number of KIP, the number of registered MIPs doubled, i.e. from 10 at the end of 2018 to 20 at the end of March 2019. The number of MIPs that actually started providing services also increased by 10 (from 3 in Q4. 2018 to 13 at the end of Q1 2019). The dynamic growth of the MIP sector is also evidenced by the result of a comparison of the number of payment transactions carried out. Namely, throughout the entire second half of 2018, MIP performed a total of 91.684 payment transactions with a value of PLN 30.51 million, while in the Q1 of 2019 alone these transactions amounted to as much as 9.21 million and their value was PLN 88.1 million. So it is clear that the number of transactions increased almost a hundredfold, however, small payment transactions gained a definite advantage, as the value of operations also increased, but „only” 2.5 times.

Payment Services Offices (BUPs)

In turn, fluctuations are noticeable in the number of registered BUPs, from 1314 registered BUPs on September 30, 2018, through 1279 at the end of 2018 up to 1309 on March 31, 2019. Here, however, we can also observe a significant increase in the number of transactions with their simultaneous fragmentation . In the second half of 2018, BUP performed a total of 3.1 million transactions worth PLN 17.7 billion, with as much as 8.2 million payment transactions in the Q1 of 2019 with a value of „only” PLN 1.5 billion.

The number of BUPs that did not send the required reporting information on the number and value of remittances made increased from 10% at the end of Q4 2018 to 13.1% at the end of Q1 2019. Similarly to the second half of 2018 still slightly more than 4% BUP does not fulfill the obligation to provide the PFSA with documents confirming the conclusion of an insurance contract or a bank or insurance guarantee contract regarding payment services provided.


The summary of data analyzed basically shows optimistic conclusions regarding the development of the payment services market. The number of transactions performed by KIP, MIP and BUP is noticeably increasing. The number of registered and actually operational MIPs is growing rapidly. At the same time, it is clear that the payment services described are starting to play an increasingly important role in small everyday matters of everyday life, which is a signal to providers in which direction the market is heading.

Author team leader DKP Legal Piotr Glapiński
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