Payment services

We cooperate with a fintech company that furnishes cross-border payment solutions together with the technological infrastructure necessary to support them.

For our client, during regular legal advice, we developed documentation for an anti-money laundering and counter-terrorist financing system (hereinafter “AML/TF system”, maximum penalty for violating those laws may result in financial penalty up to 5 million EUR).

As part of our ongoing cooperation with a client, a small payment institution, providing payment services including issuing of credit cards and providing payment credit to consumers, we represent the client in the proceedings for obtaining a license to provide payment services as a national payment institution.

We represented our client, an innovative utility provider in the proceeding for entry into the register of small payment institutions to enable the client to accept payments for e-commerce services provided. The client already provides its services through a mobile app and intended to enable users of the app direct payment for utility services.

The firm continues to work with the client, which is a small payment institution providing payment services: issuing credit cards and providing payment credit to consumers.

The firm provides ongoing legal services to the client including, inter alia, legal advice on the payments services provided throughout an innovative mobile app product and a multi-currency debit card. The mobile application allows the user to convert a virtual currency into a currency of the client’s choice and to top up the debit card with such funds. This card, as a payment instrument, enables the user to make any kind of payments and withdraw funds at an ATM.