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mElements S.A. has been issued an expanded license for payment initiation services (PIS) and account information services (AIS)

The Polish Financial Supervision Authority (PFSA) posted a statement on its website stating that on 20 October 2020 mElements S.A. was granted an expanded license for PIS and AIS.

Regardless of the current epidemic, it took (only) six months to obtain the expanded license from the PFSA, despite mElements S.A. (national payment institution) using cloud computing in its operations.

The matter was handled by Cracow University of Economics Professor Dr Jan Byrski and Maciej Miąsko.

April