Business
Poland's KNF Revoked mPay License To Provide Payment Services
Poland's KNF Revoked mPay License To Provide Payment Services
About this update from Mpay Sa
POLAND'S KNF REVOKED LICENSE OF MPAY TO PROVIDE PAYMENT SERVICES AS DOMESTIC PAYMENT INSTITUTIONKNF 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, 2026KNF SAYS MPAY DOES NOT ENSURE PRUDENT AND STABLE MANAGEMENT OF ITS PAYMENT SERVICES BUSINESS