Banking & Fintech /

KNF removes 24 entities from the Register of Payment Service Providers – Make sure your business is compliant

On 12 May 2025, the Financial Supervision Authority removed 24 entities from the Register of Payment Service Providers and Electronic Money Issuers. A total of 16 small payment institutions and 8 payment service bureaus were deleted from the register.

Why did the KNF decide on removal?

In its official statement, the KNF indicated that the reason for the removal was the failure to meet the statutory condition related to the provision of services.

In its official statement, the KNF indicated that the reason for the removal was the failure to meet the statutory condition related to the provision of services.

According to the FSA, the removed entities fulfilled the condition of not performing payment services, for which they were authorised, for a period exceeding 12 consecutive months.

Legal Basis for Removal – Article 142 of the Payment Services Act

Article 142 of the Payment Services Act sets out several grounds under which payment service providers, such as small payment institutions or payment service bureaus, may be removed from the register by the FSA. Removal from the register is carried out ex officio.

Of particular relevance in the context of the aforementioned provision are the following grounds:

  1. failure by SPIs / PSBs to commence the provision of payment services, for which they are authorised, within 12 months from the date of registration;
  2. failure by SPIs / PSBs to provide payment services, for which they are authorised, for a period exceeding 12 consecutive months.

The legislator imposes two specifically defined obligations on payment service providers:

  • to commence the provision of services within no more than 12 months from the date of entry into the register
  • and to ensure continuity in their provision, allowing for a maximum interruption of 12 months.

Quarterly and Annual Reports to the KNF as a Supervisory Basis

The removal decisions were preceded by an analysis of the data submitted by the entities to the KNF. This included information contained in periodic reports on the number and value of payment transactions carried out both directly and via agents during the period 2023-2024.

The removal decisions were preceded by an analysis of the data submitted by the entities to the KNF. This included information contained in periodic reports on the number and value of payment transactions carried out both directly and via agents during the period 2023-2024.

A lack of activity in this area constituted a clear basis for removal from the register.

Recommendations for Payment Institutions – How to avoid removal?

In light of the above regulations, it is recommended that payment service providers – particularly small payment institutions and payment service bureaus – take appropriate organisational and supervisory measures to ensure the timely commencement and uninterrupted provision of their services. Ongoing monitoring of operational activity, in particular the number and value of executed transactions, as well as the timely submission of required reports to the KNF, is also advised.

More information on the KNF communication is available here.

Don’t risk losing your registrationconsult our experts about your situation.

Author team leader DKP Legal Mateusz Bałuta
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