In April the owner of the currency exchange company Cinkciarz.pl, acquired the licence of the payment institution. Consent of the Polish Financial Supervision Authority (KNF) means that the FX company can offer the international money orders and payment accounts. It also plans to introduce online payments.
It has been couple of years since introducing the Polish meaning of the financial institution, however, the term is still relatively rarely used. Up to this day the licence has been granted to 30 subjects, despite the fact that not all present in the KNF register have started business in this field. The payment institutions is an outcome of the PSD - revolutionary in a sense of breaking the monopoly of the banks to provide the basic financial services.