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
Poland's KNF Revoked mPay License To Provide Payment Services
Earlier from mPay
- mPay FY Net Loss 1.3 Mln Zlotys
- mPay Says MPAY App Had 1.95 Million User Accounts As Of May 31
- mPay Q1 EBITDA Loss 0.12 Mln Zlotys
- mPay Reports 1.938 Million User Accounts As Of April 30
- mPay CEO Andrzej Basiak Resigns
Later from mPay
- mPay Declares Full Cooperation With Poland's KNF, Analyzes Payment License Revocation and Legal Remedies
- mPay Reports 1.96 Million User Accounts As Of June 30
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