MACURA | Unikalna wiedza ekspercka

Kancelaria MACURA.
ul. Odyńca 7/13
02-606 Warszawa

T: (+48) 696-011-713
M: monika.macura@kancelariamacura.pl

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Legal advice on the provision of an innovative mobile application and multi-currency debit card product service

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.

The client offers the card on its own behalf and also as a provider of infrastructure and technology to others (in a whitelabel model). The firm advised on the creation of the legal documentation of the mobile application (regulations for the provision of the mobile service), as well as we provided an opinion on the proces of the client’s use of methods and identity identification and verification and ongoing monitoring of customers and transactions. The firm also advised on the conclusion of an agreement to entrust identity verification processes using video verification.

The firm has also drafted contracts for the provision of services by the client to its whitelabel business partners and negotiates the content of these contracts.

By conducting legal services for the client we demonstrate expertise of payment services, AML/CFT and personal data processing and advanced English language skills.

See also:

Documentation of the anti-money laundering and anti-terrorist financing (AML) system

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).

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Representation in proceedings to obtain a license to provide payment services as a national payment institution (NPI)

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.

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