BaFin Guidance Notice on planned reforms regarding managing directors pursuant to the KWG, ZAG and KAGB (part 1)
BaFin is currently working on updating its “guidance notice on managing directors pursuant to the KWG, ZAG and…
Legal, illegal, who cares? – Sanctions for payment services and e-money business without a licence
As part of our daily advisory work, we often have to consider whether a license is required for…
Finally: vouchers and prepaid cards are still considered payments in kind pursuant to the German Payment Services Supervision Act (ZAG)
Amendments applicable to vouchers and prepaid cards Last year, I reported on the conditions under which vouchers &…
PayTechTalk 49 – Time of crisis – time for vouchers? Prepaid products to help with the crisis
Everyone is currently talking about the “Corona crisis” and of course it also affects our day-to-day life here…
“Lex Apple Pay” – let’s pretend we don’t have a clue… what exactly are technical infrastructure services?
Everyone has been talking about “Lex Apple Pay” ever since the Finance Committee provided its recommendation to include…
Factoring – What factoring licence should I apply for?
It is clear that anyone wishing to carry out factoring in Germany first needs a factoring licence. However,…
PayTechTalk 34 – licence types for payment service providers
Recently I looked into the topic of licence types for payment service providers on PayTechLaw. In my blog…
May I or may I not? The types of licences for payment service providers
Perhaps you’ve experienced this before? When talking to different people about what licence is required for payment services,…
PayTechTalk 32 – Payment Account and Co. | The “old” Payment Accounts Act. What applies from 31 October 2018?
The Payment Accounts Act is an “old” law dating from April 2016 but it is going to be…
PayTechTalk 30: BaFin licence for payment institutions – this is how it works
Since the implementation of PSD2, or most likely even before, many companies have been preoccupied with one question:…