General Information
A small payment institution (SPI) licensed in Poland is a convenient, beneficial solution for entrepreneurs planning to operate on a larger scale, to test in advance their technical solutions and the demand for their services in the regulated and supervised financial market of one jurisdiction. This form of payment service provision can be recommended, for example, for various start-ups in the FinTech industry. After testing its capabilities, the SPI licence can always be extended to NPI (National Payment Institution) and be authorised to provide payment services throughout the European Union.
We offer our clients the opportunity to acquire a company with an SPI licence with software integration and a valid bank account in Poland. Such payment organisation will be able to provide the following set of services:
- accept and withdraw cash from the payment account;
- perform actions necessary for maintaining the account;
- make transfers to bank accounts in various ways;
- issue payment instruments;
- provide acquiring services.
Small payment organisations in Poland have transaction limits – the monthly amount of payment transactions must not exceed EUR 1,500,000. In addition, a customer can keep no more than EUR 2,000 in the accounts of one small payment institution.
If the limits are exceeded, SPI is obliged to apply for an NPI licence within 30 days of the exceeding. After the application is submitted, SPI can operate as an NPI and continue to exceed the limits, although it does not formally have this status yet.
