Mpay SaNEWCONNECT: MPY

Poland's KNF Revoked mPay License To Provide Payment Services

· Issued by Mpay Sa
  • 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

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