Outsourcing | PayTechLaw advent calendar #19
The term outsourcing appears in several laws, e.g. in section 26 ZAG, section 25b KWG and section 17…
Requirements for maintaining a BaFin Licence | PayTechLaw advent calendar #18
In our yesterday’s blog post, we dealt with the question how to obtain a BaFin licence for payment…
Authorisation procedure in accordance with the ZAG | PayTechLaw advent calendar #17
In case you wish to carry out an e-money-business or to provide banking, payment, or financial services, you…
Limited Network and Limited Range | PayTechLaw advent calendar #7
In the context of payment services and e-money, many speak of Limited Networks and Limited Range. This refers…
Commercial Agent Exemption | PayTechLaw advent calendar #6
After the last few articles dealt with the various payment services, this one focuses on an exception. Even…
The e-money business | PayTechLaw advent calendar #4
E-money transactions are defined as the issuance of electronic money. It is therefore essential to know what e-money…
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…