Brief: Poland's KNF Revoked mPay License To Provide Payment Services
Mon 09:17
BRIEF-Poland's KNF Revoked mPay License To Provide Payment Services June 29 (Reuters) -
POLAND'S KNF REVOKED LICENSE OF MPAY TO PROVIDE PAYMENT SERVICES AS DOMESTIC PAYMENT INSTITUTION
KNF SAYS DECISION IS IMMEDIATELY ENFORCEABLE AND MPAY MUST CEASE PROVIDING PAYMENT SERVICES UPON DELIVERY AND TERMINATE ALL PAYMENT SERVICE CONTRACTS AND SETTLE CLAIMS BY SEPT 30, 2026
KNF SAYS MPAY DOES NOT ENSURE PRUDENT AND STABLE MANAGEMENT OF ITS PAYMENT SERVICES BUSINESS
Source text: https://www.knf.gov.pl/komunikacja/komunikaty?articleId=98917&p_id=18
Further company coverage: MPAY.WA
(Reporting by Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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