A company that wants to work in the financial sector of a given country’s market needs a licence there. Every country has licences for non-credit financial institutions that cover all the activities they might carry on, payment transactions included.
In Poland, a small company that offers a limited range of services, and does not need full authorisation as a payment institution, must hold an SPI (Small Payment Institution) licence to run a payment system legally. Without the licence, it cannot process, store or transmit data.
SPIs have to be registered with the Polish Financial Supervision Commission (Komisja Nadzoru Finansowego, KNF, in Polish). The licence shows that the organisation meets set standards and requirements, which protect the stability and integrity of the financial services sector.
Nimius Advisory gives professional help with preparing and filing an SPI licence application in Poland, and our specialists have long experience of work like this. If you are still deciding where to register a small payment organisation, or have other questions, we will tell you which way to go to reach your goal.
An applicant company has to meet these conditions:
Bear in mind that the full set of documents for an SPI licence takes serious preparation. You will need extracts from the company register and papers describing the organisational structure, with details of, among other things:
The applicant should also say which payment instruments it plans to use to transfer money.
Our experts help you gather every document Polish law requires, and we check that your company’s activities meet the applicable regulations and requirements. With us, you can be certain of a quick and successful licensing procedure.
Holding the licence, you may provide these services:
Under an SPI licence, your business can also work with e-wallets and mobile payments.
With our experts on board, every step of getting an SPI licence goes quickly and smoothly. We handle the preparation, assemble the documents and sort out any problems along the way, so your company can grow in the industry you have chosen.
Let the Nimius Advisory team handle your SPI licence in Poland. Get in touch today.