mPay has been removed from the list of domestic payment institutions, according to an entry in the Electronic Register of Payment Services maintained by the Polish Financial Supervision Authority. This likely means that the company’s Polish Payment Institution (KIP) license has been revoked. However, the Financial Supervision Authority has not issued a statement on this matter, as it has in similar situations in the past.

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mPay was granted a license as a domestic payment institution in September 2016. However, according to the register, it was removed on 25 June 2026. I have asked the Polish Financial Supervision Authority (KNF) to confirm this information and to explain the reasons behind the decision to revoke the license to provide services as a domestic payment institution.

It is worth noting that Fenige was also struck off the register on 25 June – the Commission announced the revocation of its license on Thursday.

The last few months have been quite challenging for mPay. In March, trading in the fintech company’s shares on the Warsaw Stock Exchange was suspended due to a delay in the publication of its 2025 annual report. Prior to that, several cities had decided to end their partnership with the operator for the provision of parking payment services. Towards the end of last year, Gdańsk, Warsaw, and Bielsko-Biała, amongst others, decided to terminate their contracts in this regard. The city councils justified their decision by citing mPay’s failure to comply with the contract terms.

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It seems, however, that the company has been making efforts to get back on track. Recently, changes have been made to the management board, a new strategy has been adopted, and a fully-fledged current account called mKonto has been launched. I asked the company for a comment on the loss of its license. However, I had not received a reply by the time this article was published.