DKP Fintech team successful – we obtained a National Payment Institution license for our Client!

Our Fintech team including: attorney Piotr Putyra, attorney Aleksandra Walas, attorney Piotr Glapiński, attorney Alicja Mruczkiewicz, PhD Marcin Waszak, associate Anna Cichoń, junior lawyer Mateusz Bałuta advised our Client – Speedy AG sp. z o.o. through a PSD2 licensing process before the Polish Financial Supervision Authority.

The authorization of a national payment institution (KIP) granted to Speedy AG by the PFSA at its meeting on August 23, 2024, covers the following services:

1. accepting cash deposits and making cash withdrawals from the payment account, as well as all activities necessary to operate the account,
2. performing payment transactions, including the transfer of funds to a payment account with the user’s provider or with another provider using a payment card or similar payment instrument,
3. performing payment transactions, including the transfer of funds to a payment account with the user’s provider or with another provider by performing credit transfer services, including standing orders,
4. issuing payment instruments,
5. acquiring,
6. providing payment transaction initiation service.

It is worth noting that Speedy AG will join a very narrow group of entities with KIP status, which is currently held only by 44 entities in Poland.

Congratulations to our Client – we wish you much success and continued growth!

Link to the decision:

https://www.knf.gov.pl/komunikacja/komunikaty?articleId=90298&p_id=18