We advised Vector Pay sp. z o.o. on obtaining the status of a small payment institution and supported the company throughout the registration process with the Polish Financial Supervision Authority

Our team of experts provided comprehensive legal support at every stage of the procedure for acquiring the small payment institution status and securing registration in the register of payment service providers and electronic money issuers maintained by the Polish Financial Supervision Authority.

Our legal services included the preparation of the full set of legal documentation required under the Polish Payment Services Act - including the risk management system, anti-money laundering (AML) documentation, and all internal procedures necessary for the company’s registration – as well as drafting the application for entry into the register of payment service providers and electronic money issuers. We also represented Vector Pay sp. z o.o. in the proceedings before the Polish Financial Supervision Authority.

Upon launch, Vector Pay commenced the provision of acquiring services.

The project was supervised by Piotr Wojnar (Managing Partner) and led by Janusz Szeliński (Partner).