We are pleased to announce that our Banking Law Department headed by our Partner Lawyer Piotr Putyra successfully applied for licence of national payment institution for one of our Clients.
Polish Financial Supervision Authority unanimously decided for granting abovementioned license on its meeting held on December 5th, 2017.
The scope of the license covers:
- accepting cash payments and cash withdrawals from a payment account as well as undertaking all activities necessary to conduct the account,
- execution of payment transactions, including transfer of funds to a payment account of user-provider by a payment card or similar payment instrument,
- execution of payment transactions in exchange for cash released to a user as a loan,
- issuing payment instruments.
The full protocol of the Polish Financial Supervisory Authority meeting is available here (only Polish).