RRegulatory Read More 4 minute read “How safe is my money?” Safeguarding of customer funds held by payment and e-money institutionsbyChristian Walz20. May 2021No comments Since 2020 at the latest, many customers of payment and e-money institutions (PSPs) have been concerned with one… Read More
FFinTech online course Read More 3 minute read The e-money business | FinTech online course #4byDr. Susanne Grohé19. December 2020No comments E-money transactions are defined as the issuance of electronic money. It is therefore essential to know what e-money… Read More
FFinTech online course Read More 3 minute read Commercial Agent Exemption | FinTech online course #6byDr. Susanne Grohé17. December 2020No comments After the last few articles dealt with the various payment services, this one focuses on an exception. Even… Read More
FFinTech online course Read More 3 minute read Limited Network and Limited Range | FinTech online course #7byChristian Walz16. December 2020No comments 16In the context of payment services and e-money, many speak of Limited Networks and Limited Range. This refers… Read More
FFinTech online course Read More 4 minute read Authorisation procedure in accordance with the ZAG | FinTech online course #17byNasim Jenkouk6. December 2020No comments 6In case you wish to carry out an e-money-business or to provide banking, payment, or financial services, you… Read More
FFinTech online course Read More 2 minute read Requirements for maintaining a BaFin Licence | FinTech online course #18byChristian Walz5. December 2020No comments In our yesterday’s blog post, we dealt with the question how to obtain a BaFin licence for payment… Read More
FFinTech online course Read More 4 minute read Outsourcing | FinTech online course #19byKatharina Wagener4. December 2020No comments The term outsourcing appears in several laws, e.g. in section 26 ZAG, section 25b KWG and section 17… Read More
RRegulatory Read More 6 minute read BaFin Guidance Notice on planned reforms regarding managing directors pursuant to the KWG, ZAG and KAGB (part 1)byPeter Frey,Kemal Ahmedi25. August 2020No comments BaFin is currently working on updating its “guidance notice on managing directors pursuant to the KWG, ZAG and… Read More
PPayment Read More 5 minute read Legal, illegal, who cares? – Sanctions for payment services and e-money business without a licencebyChristian Walz16. June 2020No comments As part of our daily advisory work, we often have to consider whether a license is required for… Read More
TTax Read More 5 minute read Finally: vouchers and prepaid cards are still considered payments in kind pursuant to the German Payment Services Supervision Act (ZAG)byDr. Steffen Rapp12. May 2020No comments Amendments applicable to vouchers and prepaid cards Last year, I reported on the conditions under which vouchers &… Read More